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    FOR SALE
    Grocery and convenience stores

    700 Woodfield Rd, W Hempstead, NY 11552

    10,000 SF 0.75 ac lot Built 1964
    Entity Owned 17-yr Hold Free & Clear
    Property ID
    US63-1004128
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 1964
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 10,000 SF
    Lot 0.75 ac (32,496 SF)
    APN 35-436-00-0739
    UPID US63-1004128
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $3.05M
    Comparable Approach Comparable
    $3.28M
    Blend (final) Blend
    $2.68M
    Owner & transaction history
    700 West Hempstead Ny LLC · 17 yrs held
    700 West Hempstead Ny LLC
    since 2009
    3 recorded transactions
    2009
    $550,000
    2004
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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