Listed by American Investment Properties
$3,499,000
Retail & Office Building in Hempstead, NY
Details
APN 2013-34-340-00-0008-0
Property Type Mixed Use, Office
Sub Type Restaurant, Traditional Office
Square Footage 25,806
Cap Rate 7.52%
NOI $262,954
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Price per SqFt $136
Broker Co-Op Yes
Class C
Year Built 1948
Buildings 1
Stories 2
Lot Size (SqFt) 21,179
Zoning Commercial
Investment Type Value Add
Ownership Fee Simple
Great Property with a Lease-Up Opportunities
Marketing description
At this location is a retail and office building that has multiple tenants. The building has a basement and high ceilings throughout. This property is also located near Front St, Peninsula Blvd, Fulton Ave, and several other major roadways.
Investment highlights
• For Sale: Retail & Office Building in Hempstead, NY
• Nassau County Tenant is Month-to-Month
• Restaurant Tenant has a Lease Expiring in 2027 with 3% Increases in Rent
• Property has a Basement (Nassau County Occupied)
• High Ceilings
• Located Near Front St, Peninsula Blvd, Fulton Ave, and Several Other Major Roadways
• Surrounded by Various National Credit Retail Tenants such as Bank of America, Harbor Freight, Bethpage Federal Credit Union, TJ Maxx, McDonald's, Five Below, and More
Listing Contacts
Listed by American Investment Properties
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$262,954.00
$21,912.83/mo
Valuation Metrics
0
DSCR
7.52%
Cap Rate
7.52%
ROI
Map
Zoning
B-B CommercialGeneral CommercialBusiness
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 28 uses
View all 28 uses Last updated Apr 21, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
