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Investment Highlights

  • Great visibility

Executive Summary

An exceptional opportunity to acquire a highly visible single-story commercial property on one of Nassau County's busiest retail corridors. Positioned directly on Hempstead Turnpike, this premier commercial asset offers outstanding frontage, tremendous daily traffic counts, excellent accessibility, and unmatched exposure for virtually any retail, showroom, office, or service-oriented business.
The property's location is truly second to none. Situated directly across the street from the Elmont Memorial Library, the building benefits from consistent daily foot traffic and exceptional community visibility. It is also located less than one-half mile from The Home Depot, creating a strong retail draw and attracting a constant stream of consumers and contractors to the immediate area.
Surrounded by nationally recognized retailers including The Home Depot, Target, Stop & Shop, CVS Pharmacy, Walgreens, Starbucks, Chase Bank, TD Bank, Wendy's, Taco Bell, McDonald's, Dunkin', and numerous other established businesses, the property sits in the center of one of Long Island's strongest retail trade areas. In addition, it is only minutes from UBS Arena, Belmont Park, the transformative Belmont Park Village luxury retail development, and the Cross Island Parkway, providing exceptional connectivity to Queens, Nassau County, and the greater New York metropolitan area. These surrounding destinations continue to fuel significant economic growth and consumer activity throughout the corridor.
Adding even greater value, the well-established flooring business currently operating within the building is also available for purchase. With A+ credit, an outstanding reputation, and over 35 years of successful operation, this thriving business presents a rare turnkey opportunity for an owner-user or entrepreneur seeking to acquire both prime commercial real estate and a proven, long-standing operation.
Whether you're looking to establish a flagship location, expand your investment portfolio, or purchase a successful operating business together with the underlying real estate, 1601 Hempstead Turnpike offers a unique opportunity in one of Long Island's most desirable and rapidly growing commercial corridors.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
5,632 SF
Building Class
C
Year Built
1951
Price
$2,350,000
Price Per SF
$417.26
Percent Leased
100%
Building Height
1 Story
Building FAR
0.92
Lot Size
0.14 AC
Frontage
64’ on Hempstead Turnpike
Moderately walkable
60/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
40/100

Nearby Major Retailers

IHOP
Checkers
Applebee's
Bank of America
Apple Bank
Tim Hortons
Key Food
Stop & Shop
CTown
Starbucks
  • Listing ID: 41563451

  • Date on Market: 8/5/2026

  • Last Updated:

  • Address: 1601 Hempstead Tpke, Elmont, NY 11003

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