For Sale
$2,600,000

42 Hempstead Tpke Farmingdale, NY 11735

High-Visibility Hempstead Turnpike Property

Overview

Added:
Feb 3
Days on market:
74
This exceptional mixed-use property presents a unique investment opportunity for discerning buyers. Strategically located on Hempstead Turnpike (Route 24) in Farmingdale, NY, this high-visibility site boasts excellent accessibility with a traffic light at the corner and dedicated turning lanes for both east and westbound traffic. The property's footprint extends to Merritts Road, providing additional ingress and egress points with north/south access and three curb cuts. The substantial 41,630 square foot building currently houses an operational nursery and sits on a 1.61-acre lot (approximately 70,000 square feet), encompassing sections 49, block 255, and lot 13. The property's potential extends beyond its current use, offering significant redevelopment possibilities. This presents a chance to capitalize on the existing cash flow generated by the commercial and residential components. Further enhancing the investment potential, two adjacent residential properties at 40 Hempstead Turnpike (lots #11 and #18 on 100 Merritts Road) are also available for purchase, totaling nearly two acres. Note that tax grievances have been filed on the nursery and both residential homes. This prime location and substantial acreage offer tremendous potential for a variety of uses and significant returns. The property's size and strategic location make it an ideal candidate for expansion or redevelopment.

Property Details for 42 Hempstead Tpke

Property type
Mixed-use properties
Square Feet
41,630 SF
Year Built
1960
Lot Size (sq. ft)
70,132 SF

Location Insight

City
Farmingdale
County
Nassau County
State
New York
Latitude
40.73013
Longitude
-73.46042
42 Hempstead Tpke, Farmingdale, New York

FAQs

What type of property is this?
Mixed-use property - High-Visibility Hempstead Turnpike Property
Where is the mixed-use property located?
The property is located at 42 Hempstead Tpke Farmingdale, NY.
What is the asking price?
The asking price for this property is $2,600,000.
How can I contact the broker?
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42 Hempstead Tpke
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