700 Woodfield Rd, W Hempstead, NY 11552
For Sale
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This exceptional 10,000-square-foot vacant retail building presents a remarkable investment opportunity in West Hempstead, NY. Located at 700 Woodfield Road, this single-story, freestanding structure sits on a sizable 0.75-acre lot (32,501 sq ft) and boasts 13-foot ceilings, offering significant flexibility for various uses. Previously operating as a supermarket, the property includes a full 10,000-square-foot basement with multiple walk-in refrigerators and freezers, ideal for food-related businesses or adaptable to other needs. The building's dimensions are 100' x 100', allowing for potential subdivision. Benefitting from tremendous exposure with 163 feet of frontage on Woodfield Road, just south of Eagle Avenue and directly across from the Lakeview Long Island Railroad Station, this location ensures high visibility and accessibility. Conveniently situated near major thoroughfares, including Hempstead Avenue and the Southern State Expressway, the property enjoys easy access for both customers and employees. The surrounding area demonstrates strong demographics, with over 262,439 residents within a three-mile radius and an average household income exceeding $170,000. The property is zoned for Light Manufacturing, further expanding its potential uses. This is a prime opportunity to acquire a versatile, well-located commercial property in a thriving market. The asking price is $2,900,000.
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ATM Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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