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$ 1,450,000
Est. payment | /mo
2,178 Sqft Lot
$ 1,450,000
Est. payment | /mo
2,178 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 913604
Rental Info No
Year Built 1925
Annual Tax Amount $26,986
Lot Size 2,178 Sqft
Acres 0.05
Property Sub-Type Mixed Use
Source onekey2
Property Description
Exceptional investment opportunity in the Heart of West Hempstead! Features a 4-Unit Mixed-Use Corner Building with a detached 2 Car Garage. The property features 20+ feet of frontage on high-traffic Hempstead Avenue, excellent signage and exposure. Equipped with 3-phase industrial electrical service (300 amps). 1st Floor Offers Store-Tattoo parlor with full basement $3,000 month ($36,000/year – can be delivered vacant) and Studio apartment $1,500 month ($18,000/year), 2nd Floor Units Offer a 2-bedroom apartment $2,400 month ($28,800/year), a 1-bedroom apartment $2,300 month ($27,600/year), and detached 2 car garage rental $500 month ($6,000/year). Zoned for flexibility, it's perfect for investors, developers, or end-users seeking a value-add opportunity or future redevelopment site. Gross annual rental income $116,400 and annual expenses $31,036.25. Located just blocks from the West Hempstead and Hempstead Gardens LIRR stations and surrounded by national retailers. This property offers unmatched visibility, steady cash flow, and tremendous upside. Don't miss the chance to own a high-yield asset in one of Nassau County's most desirable corridors.
Location
State NY
County Nassau County
Rooms
Basement Full
Interior
Heating Steam
Cooling None
Fireplace No
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Keller Williams Landmark II • Afshin Termechi
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Eric Ramsay
REALTOR®