349-353 Hempstead Ave - Apartments FOR SALE


West Hempstead, NY 11552
$2,500,000 USD
516-313-9792
349-353 Hempstead Ave, West Hempstead, NY for Sale
$2,500,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

349-353 Hempstead Ave
West Hempstead, NY 11552


HIGHLIGHTS

  • Prime development opportunity in highly visible and desirable corner location for owner user or developer.
  • Sale Includes lot with Legal 3-Family Home, 2 Retail Shops, 1 Warehouse/Garage, and Parking Lot
  • Thriving business district

OVERVIEW

Prime Development Opportunity available on this 16,814 SF Mixed-use commercial property on the corner of Hempstead Avenue and Spruce Street in West Hempstead’s busy business district. This location is in walking distance to public transportation and the LIRR, and close to several houses of worship and schools. The property consists of a legal 3-family residential building in need of renovation, two separate commercial buildings with retail storefronts and full basements, a warehouse/garage with full attic, and a parking lot. There are several month-to-month tenants who separately occupy one storefront (barber), the warehouse and parking lot (landscaper), and one residential unit. The property can be delivered vacant and is heated by natural gas. The annual taxes are $58,781. This is a one-of-a-kind opportunity for an investor, owner user or developer.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

6

PRICE/UNIT

$416,667

CAP RATE

Request Cap Rate

% LEASED

30%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-family/2-Retail stores/Garage/Land

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1938

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

Commercial

APN/PARCEL ID

2089-35-350-00-0001-0

ASK ABOUT THIS PROPERTY

Kari CaulfieldDGNY Commercial, LLCMore Info
516-313-9792

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Kari CaulfieldDGNY Commercial, LLCMore Info
516-313-9792

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.