46-50 Fulton Ave - Freestanding FOR SALE


Hempstead, NY 11550
$10,000,000 USD
718-790-3288
46-50 Fulton Ave, Hempstead, NY for Sale
$10,000,000 USD
Freestanding - FOR SALE
1/13
null | 6.38% Cap Rate

46-50 Fulton Ave
Hempstead, NY 11550


HIGHLIGHTS

  • Long term multi-tenants
  • Heavy daytime traffic
  • Parking lot

OVERVIEW

Prime Hempstead strip mall investment featuring two well-maintained commercial buildings totaling approximately 17,500 sq ft of retail space on a 0.95-acre corner lot (39,703 sq ft). The property offers 15 storefronts, currently occupied by 11 tenants—many with tenancies spanning over 20 years. With 50 dedicated customer parking spaces and a high-visibility location in the fast-growing town of Hempstead, surrounded by national retailers and heavy traffic, this asset delivers strong performance and stability. Generating $637,000 in annual net income at a 6.38% cap rate, it presents a rare opportunity for reliable cash flow and long-term upside.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$571 USD /SF

CAP RATE

6.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

C

APN/PARCEL ID

2013-34-295-00-0049-0,2013-34-295-00-0051-0

ASK ABOUT THIS PROPERTY

Paul ZhouKeller Williams Realty Gold CoastMore Info
718-790-3288

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Paul ZhouKeller Williams Realty Gold CoastMore Info
718-790-3288

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