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708 Burnside Ave 2,700 SF Retail Building Hempstead, NY 11096 $1,999,998 ($740.74/SF) 8% Cap Rate

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INVESTMENT HIGHLIGHTS

  • ALL DAY HEAVY TRAFFIC VERY BUSY LOCATION

EXECUTIVE SUMMARY

58 Year Successful auto repair shop sold with all business customers!
Great Exposure on Burnside Ave with Extremely high foot traffic volume corner property!
Property has 108 ft. Frontage on Burnside Ave and 101 Lot Depth!
5 Bay auto repair shop with 14’ ft. Ceilings & 3 phase power recently upgraded electrical!
3 Strategically placed curb cuts! Located just a few blocks from intersection 878 goes to Atlantic Beach!
Long Beach & public transportation few blocks!
Location supports 30 parking spots & spots are available for lease to new owner!
LOCATION IS IDEAL ALSO FOR CAR WASH
Security System installed!
Local neighbors include Autozone across street, Nissan & Mercedes- Benz dealership, Target, Macys, Dunkin Donuts!
This could be your next development site, Investment property, OR HOME FOR YOURNEW BUISINESS!
PROPERTY TAXES ONLY $19,780.00
SURVEY AVAILABLE

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Service Station
Building Size
2,700 SF
Building Class
B
Year Built
1952
Price
$1,999,998
Price Per SF
$740.74
Cap Rate
8%
NOI
$160,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.26 AC
Zoning
C2 - Commercial district predominantly residential in character
Parking
22 Spaces (8.14 Spaces per 1,000 SF Leased)
Frontage
108’ on Burnside Ave

AMENITIES

  • Corner Lot
  • Courtyard
  • Fenced Lot
  • Signage
  • Drive Thru
  • Wheelchair Accessible
Walk Score®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

United Rentals
Planet Fitness
LA Fitness
Starbucks
Chase
Bank of America
Citi
Dime Community Bank
Flagstar
Buffalo Wild Wings

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2089-40-024-00-0001-0
Land Assessment
$3,054
Improvements Assessment
$1,412
Total Assessment
$4,466
  • Listing ID: 35691448

  • Date on Market: 4/30/2025

  • Last Updated:

  • Address: 708 Burnside Ave, Hempstead, NY 11096

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