For Sale
$3,600,000

40 Hempstead Tpke Farmingdale, NY 11735

High-Visibility Hempstead Turnpike Property

Overview

Added:
Feb 3
Days on market:
77
This exceptional commercial property presents a unique investment and redevelopment opportunity on the highly visible Hempstead Turnpike (Route 24) in Farmingdale, NY. Boasting excellent accessibility with a traffic light and turning lanes for optimal east and westbound traffic flow, the property also offers additional egress via Merritts Road, providing convenient north/south access. Three curb cuts further enhance accessibility. The almost two-acre site (approximately 70,000 square feet) currently includes a functioning nursery located at 42 Hempstead Turnpike, Section 49, Block 255, Lot 13 (available for separate purchase at $2,600,000), and two residential homes situated at 40 Hempstead Turnpike, Lot #11 and 100 Merritts Road, Lot #18. The property's multi-use zoning allows for diverse redevelopment possibilities, catering to a wide range of commercial ventures. In its current configuration, the property generates cash flow from both commercial and residential operations. Tax grievances have been filed on the nursery and both residential properties (details available upon request). This prime location and versatile property offer tremendous potential for significant returns. The asking price for the entire property is $3,600,000.

Property Details for 40 Hempstead Tpke

Property type
Commercial real estate
Year Built
1960

Location Insight

City
Farmingdale
County
Nassau County
State
New York
Latitude
40.73008
Longitude
-73.4609
40 Hempstead Tpke, Farmingdale, New York

FAQs

What type of property is this?
Commercial real estate - High-Visibility Hempstead Turnpike Property
Where is the commercial real estate located?
The property is located at 40 Hempstead Tpke Farmingdale, NY.
What is the asking price?
The asking price for this property is $3,600,000.
How can I contact the broker?
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40 Hempstead Tpke
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