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238-248 Front St 15,128 SF 100% Leased Retail Building Hempstead, NY 11550 $5,550,000 ($366.87/SF) 5.73% Cap Rate
Investment Highlights
- Fully-Occupied Retail Strip in Hempstead, NY
- 127 Feet of Frontage on Front St
- On-Site Parking with 17 Spaces
- Tenants Pay for their Own Utilities
- High Traffic Counts: 21,870 Cars Per Day
- On the Corner of a Signalized Intersection
Executive Summary
At this location is a fully-occupied strip center with 6 tenants. The tenants pay for their own utilities. There is on-site parking with 17 spaces and the property has
127 feet of frontage on Front St. The property is located on the corner of a busy signalized intersection and is under one mile away from the West Hempstead Train Station.
127 feet of frontage on Front St. The property is located on the corner of a busy signalized intersection and is under one mile away from the West Hempstead Train Station.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,128 SF
Building Class
C
Year Built
1954
Price
$5,550,000
Price Per SF
$366.87
Cap Rate
5.73%
NOI
$318,251
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.71
Lot Size
0.49 AC
Zoning
Commercial
Parking
17 Spaces (1.12 Spaces per 1,000 SF Leased)
Frontage
127’ on Front St
Amenities
- Signage
- Signalized Intersection
Walk Score®
Walker's Paradise (94)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2013-35-328-01-0328-0 | Improvements Assessment | $5,488 |
| Land Assessment | $3,212 | Total Assessment | $8,700 |
Property Taxes
Parcel Number
2013-35-328-01-0328-0
Land Assessment
$3,212
Improvements Assessment
$5,488
Total Assessment
$8,700
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238-248 Front St
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