54 Main St Hempstead, NY 11550-4051
- Office buildings
- 4,282 SF
- 0.12 lot acres
Current Use by Public Records
- Nishu Pharmacy Inc / Pharmacy
- Hempstead Bank Building / Bank
- Dr. Olakunle O. Akinboboye, MD / Internist
- Thomas Anna / Nursing Agency
- Alt Erin / Medical Clinic / Physician Assistant
Property Details for 54 Main St
- Year built
- 1910
- Construction
- FRAME
- Lot size
- 0.12 lot acres
- Property size
- 4,282 SF
- Property type
- Office buildings
- APN
- 34-340-00-0019
- APU
- 34340000019
Description
This exceptional three-story commercial building, situated in the heart of downtown Hempstead, NY, presents a unique investment opportunity. Boasting 13,290 square feet of space, this former landmark bank building offers high ceilings (26 feet), providing ample room for a variety of uses. The building features two elevators and three floors, each approximately 5,000 square feet, plus a finished basement. Three-phase power is already installed, simplifying potential renovations. Low property taxes represent a significant advantage. Preliminary architectural drawings exist for a conversion into thirteen residential apartments and one street-level commercial space
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hempstead
- County
- Nassau
- State
- New York
- Longitude
- -73.6242
- Latitude
- 40.7082
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA