150-158 Main St, Hempstead, NY 11550
38,380 SF | 100% Leased | Retail Building | Hempstead, NY 11550 | $5,580,000 ($145/SF) | 5.47% Cap Rate
For Sale
Active
20 pictures
Asking Price $5,580,000
- Property Type
-
Retail
- Square Feet
- 38,380 SF
- Price / Square Foot
- $145
Listing Contacts
Barbie Li
- Property Info
Property Overview
This prime retail investment property is at 158 Main Street, Hempstead, NY. Located in the heart of Hempstead, it boasts an impressive annual net operating income of $305,464 This 22,753 square-foot retail strip offers eleven stores, with only one store vacant, ensuring consistent rental income. What sets this property apart is its minimal management requirements, making it an excellent choice for both seasoned and novice investors. Situated in a high-traffic location next to a large parking lot and the Hempstead LIRR station, this investment promises visibility and convenience, making it a lucrative opportunity in the bustling NYC retail market. Don't miss your chance to secure your financial future with this straightforward and low-maintenance retail asset.
Property Details
- Class
- B
- Year Built/Renovated
- 1949/2020
- Stories
- 2
- Property Subtype
- Storefront Retail/Office
- Lot Size (sq. ft)
- 19,166 SF
Highlights
- 22,753 SF RETAIL STRIP WITH ELEVEN STORES - ONLY ONE STORE VACANT
- MINIMAL MANAGEMENT RETAIL ASSET - ALL LONG-TERM 10 YEAR + TENANTS
- HEAVY FOOT TRAFFIC LOCATION - NEXT TO LARGE PARKING LOT AND LIRR STATION
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