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150-158 Main St
Hempstead, NY 11550
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 22,753 SF RETAIL STRIP WITH ELEVEN STORES - ONLY ONE STORE VACANT
- HEAVY FOOT TRAFFIC LOCATION - NEXT TO LARGE PARKING LOT AND LIRR STATION
- MINIMAL MANAGEMENT RETAIL ASSET - ALL LONG-TERM 10 YEAR + TENANTS
EXECUTIVE SUMMARY
This prime retail investment property is at 158 Main Street, Hempstead, NY. Located in the heart of Hempstead, it boasts an impressive annual net operating income of $305,464 This 22,753 square-foot retail strip offers eleven stores, with only one store vacant, ensuring consistent rental income. What sets this property apart is its minimal management requirements, making it an excellent choice for both seasoned and novice investors. Situated in a high-traffic location next to a large parking lot and the Hempstead LIRR station, this investment promises visibility and convenience, making it a lucrative opportunity in the bustling NYC retail market. Don't miss your chance to secure your financial future with this straightforward and low-maintenance retail asset.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Building Size
39,000 SF
Building Class
B
Year Built/Renovated
1949/2020
Price
$5,580,000
Price Per SF
$143.08
Cap Rate
5.47%
NOI
$305,464
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
2.00
Lot Size
0.45 AC
Opportunity Zone
Yes
AMENITIES
- Commuter Rail
- Corner Lot
- Signage
- Signalized Intersection
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
STREET
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