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34072462
34072461

3145-3151 Hempstead Turnpike, Levittown, NY 11756-3320

KS
NY NY 10401287919
WORTH PROPERTY MANAGEMENT, INC
Listed by WORTH PROPERTY MANAGEMENT, INC
$4,300,000
6 days on market
Updated 6 days ago

3145-3151 Hempstead Turnpike

Details
APN 282029 45.-M-85
Property Type Retail
Sub Type Grocery Store, Day Care/Nursery (+1)
Square Footage 8,000
Units 2
Cap Rate 5.00%
NOI $212,221
Tenancy Multi
Brand/Tenant Vitamin Shoppe
Lease Type NN
Year Built 1961
Buildings 2
Stories 1
Acreage 0.770
Zoning Retail
Parking Spaces 20 spaces
Parking per 1,000 SqFt 2.50
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple

Retail | 5.00% CAP | 8,000 SqFt

Marketing description

Levittown, New York is a mature, high-demand Nassau County market defined by strong demographics, steady household incomes, and reliable retail performance. With roughly 52,000 residents and more than 250,000 people within a short drive, the area supports consistent spending across daily-needs, medical, fitness, food-and-beverage, and service-oriented categories. Median household income of about $115,000 reinforces a solid middle-to-upper income consumer base and contributes to long-term retail stability.

Hempstead Turnpike serves as Levittown's primary commercial corridor, delivering ±40,000-50,000 vehicles per day and exceptional visibility for tenants. The corridor features a mix of national retailers, regional operators, and long-standing local businesses, resulting in low vacancy rates and competitive rent levels. Limited new development keeps supply tight and supports strong tenant demand.

The community benefits from direct access to Hempstead Turnpike (NY-24), Wantagh Parkway, and the Seaford-Oyster Bay Expressway (NY-135), connecting Levittown to major employment centers in Hicksville, East Meadow, Bethpage, and the Route 110 business district. This connectivity expands the trade area and strengthens daytime population levels. Overall, Levittown offers investors a stable, supply-constrained commercial environment with durable cash flow characteristics and consistent tenant interest.

Investment highlights

  • NN LEASE
  • DEVELOPMENT POTENTIAL
  • TWO 4,000SF FREE STANDING BUILDINGS.
  • LARGE PROPERTY GREAT FOR REDEVELOPMENT
  • TRAFFIC COUNT: 50,000 VEHICLES PER DAY ON HEMPSTEAD TPKE
  • NEARBY TENANTS INCLUDE: WALMART, HOME DEPOT, STARBUCKS, H&R BLOCK, VITAMIN SHOPPE

Listing Contacts

KS
NY NY 10401287919
WORTH PROPERTY MANAGEMENT, INC
Listed by WORTH PROPERTY MANAGEMENT, INC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$212,220.70
$17,685.06/mo

Valuation Metrics

0
DSCR
4.94%
Cap Rate
4.94%
ROI

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Additional Information

Name
Keith Senko
License
NY 10401287919
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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