Log In/Sign Up
Your email has been sent.
220-226 E Meadow Ave 7,000 SF 100% Leased Office Building East Meadow, NY 11554 $1,450,000 ($207.14/SF)
Investment Highlights
- Rarely available, fully occupied mixed-use building featuring 3 street-level storefronts and 5 professional second-floor offices.
- Serving a dense, high-income suburban population
- Diverse Revenue: Multiple revenue streams from a mix of retail and professional tenants reduce vacancy risk.
Executive Summary
Prime Mixed-Use Investment in East Meadow | 100% Occupied | 8 Units Income
Stability: Rarely available, fully occupied mixed-use building featuring 3 street-level storefronts and 5 professional second-floor offices.
Prime Visibility: Situated in a bustling commercial corridor of East Meadow with high-visibility street frontage, ideal for long-term retail success.
Diverse Revenue: Multiple revenue streams from a mix of retail and professional tenants reduce vacancy risk.
Strategic Location: Excellent access to major Nassau County thoroughfares like Hempstead Turnpike and Merrick Avenue, serving a dense, high-income suburban population. Turn-Key Asset: Fully leased with established tenants, offering immediate cash flow for the savvy investor.
Stability: Rarely available, fully occupied mixed-use building featuring 3 street-level storefronts and 5 professional second-floor offices.
Prime Visibility: Situated in a bustling commercial corridor of East Meadow with high-visibility street frontage, ideal for long-term retail success.
Diverse Revenue: Multiple revenue streams from a mix of retail and professional tenants reduce vacancy risk.
Strategic Location: Excellent access to major Nassau County thoroughfares like Hempstead Turnpike and Merrick Avenue, serving a dense, high-income suburban population. Turn-Key Asset: Fully leased with established tenants, offering immediate cash flow for the savvy investor.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$168,000
|
$24.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$168,000
|
$24.00
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$72,000
|
$10.29
|
| Net Operating Income |
$96,000
|
$13.71
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $168,000 |
| Annual Per SF | $24.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $168,000 |
| Annual Per SF | $24.00 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $10.29 |
| Net Operating Income | |
|---|---|
| Annual | $96,000 |
| Annual Per SF | $13.71 |
Property Facts Under Contract
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
7,000 SF
Building Class
C
Year Built
1957
Price
$1,450,000
Price Per SF
$207.14
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,500 SF
Building FAR
1.34
Lot Size
0.12 AC
Zoning
Bus + B - Town of Hempstead
Amenities
- Central Heating
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
Allstate began in 1931 as part of Sears, Roebuck and Co. and grew into a major U.S. insurance business. The company focuses on property and casualty insurance and offers coverage for autos, homes, renters, motorcycles, and related personal protection needs. The company also provides life insurance, business insurance, retirement and investment planning, and support services such as claims help, roadside assistance, and identity restoration. Allstate serves customers through branded agents, independent agents, and direct-to-consumer channels in the United States and Canada.
- Helping Paws
- Services
- -
- -
- -
- Sofia's Empanadas
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - | ||
| Helping Paws | Services | - | - | - | ||
| Sofia's Empanadas | - | - | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2089-50-249-00-0262-0 | Improvements Assessment | $6,985 |
| Land Assessment | $1,225 | Total Assessment | $8,210 |
Property Taxes
Parcel Number
2089-50-249-00-0262-0
Land Assessment
$1,225
Improvements Assessment
$6,985
Total Assessment
$8,210
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
220-226 E Meadow Ave