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INVESTMENT HIGHLIGHTS
- High traffic area perfect for a business
- Significant upside potential
EXECUTIVE SUMMARY
Prime Mixed-Use Building Opportunity This mixed-use building offers an ideal investment or end-user opportunity in a high-traffic, highly desirable area. Featuring one vacant retail store and two spacious 2-bedroom apartments with month-to-month tenants, this property provides immediate rental income with significant upside potential. The retail space is perfectly positioned for a business owner or to attract a tenant, benefiting from heavy pedestrian and vehicular traffic and neighboring major franchise retailers. The apartments offer bright and functional layouts, appealing to a wide range of renters. Whether you're looking to expand your portfolio or secure a prime location for your business, this property delivers flexibility, income potential, and long-term value in a thriving area. Don’t miss out on this fantastic opportunity!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
2,560 SF
Building Class
C
Year Built
1935
Price
$1,100,000
Price Per SF
$429.69
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.96
Lot Size
0.03 AC
Zoning
R3-2 - Low density residential district
Parking
2 Spaces (0.89 Spaces per 1,000 SF Leased)
Frontage
16’ on Hempstead Ave
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11110-0004 | Improvements Assessment | $23,153 |
| Land Assessment | $6,309 | Total Assessment | $29,462 |
PROPERTY TAXES
Parcel Number
11110-0004
Land Assessment
$6,309
Improvements Assessment
$23,153
Total Assessment
$29,462
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218-56 Hempstead Ave
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