For Lease
$29-$74 /SF/YR

456-488 Hempstead Tpke West Hempstead, NY 11552

West Hempstead, NY Retail Center - 15 Suites

Overview

Added:
Dec 11, 2024
Days on market:
132
Cherry Valley Plaza, located at 456-488 Hempstead Turnpike in West Hempstead, NY 11552, presents a compelling investment opportunity. This single-story, 34,681 square foot retail center, built in 1949, sits on a 1.98-acre lot and boasts a Class C rating. The property features 15 suites, with currently 325 square feet of vacant space available, offering potential for immediate income generation. Suite sizes range from 325 to 1,370 square feet, catering to a variety of retail businesses. Ample parking is provided with 165 spaces, including 117 at grade level and 48 in a lower-level garage. The center benefits from its high-traffic location on Hempstead Turnpike, a major thoroughfare, establishing it as a prominent retail destination in West Hempstead. Current tenants include notable businesses such as Pet Supplies Plus, GameStop, Tropical Smoothie, Fit Body Boot Camp, Liberty Tax, and European Wax Center, demonstrating strong tenant occupancy and a diverse mix of retail offerings. The property is well-maintained and professionally managed. This is an excellent opportunity to acquire a well-established retail center in a thriving community. The property offers a strong foundation for continued growth and profitability.

Highlights

  • High-visibility corner lot with pylon sign opportunity.
  • Excellent signage opportunities for high impact.
  • Strong tenant mix including diverse restaurants.
  • Tenant-controlled HVAC systems for individual unit climate control.
  • Modern recessed lighting throughout the center.
  • High daytime pedestrian traffic generates significant customer flow.

Property Details for 456-488 Hempstead Tpke

Property type
Retail properties
RSF (Rentable sq. ft)
34,681 SF
Class
C
Year Built
1949
Buildings
1
Stories
1

Unit(s) available at that property

Space
Suite 3
Size
325 SF
Rate per SF
$74
Space
Suite 10
Size
1,370 SF
Rate per SF
$29

Location Insight

City
West Hempstead
County
Nassau
State
New York
Latitude
40.705998
Longitude
-73.656305

FAQs

What type of property is this?
Retail property - West Hempstead, NY Retail Center - 15 Suites
Where is the retail property located?
The property is located at 456-488 Hempstead Tpke West Hempstead, NY.
What is the lease rate?
The lease rate is $29-$74 /SF/YR.
What are key features of this property?
This property features: High-visibility corner lot with pylon sign opportunity.; Excellent signage opportunities for high impact.; Strong tenant mix including diverse restaurants.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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456-488 Hempstead Tpke
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