1529 Hempstead TpkeElmont, NY 11003

Property Details for 1529 Hempstead Tpke

Year built

1984

Construction

STEEL FRAME

Lot size

0.41 AC

Property size (Sq ft)

4,188 SF

Property type

Specialty properties

APN

32-494-00-0121

APU

32494000121

Description

This exceptional Elmont, NY commercial property, located at 1529 Hempstead Turnpike, presents a compelling investment opportunity for both end-users and investors. The 8,800 square foot mixed-use building sits on a 0.41-acre lot and offers significant versatility. The property features two 800-square-foot retail storefronts, each complemented by a full basement ideal for storage or expansion. Ample parking is provided with 24 on-site spaces, ensuring convenience for customers and employees. Year-round comfort is guaranteed with central air conditioning and gas baseboard heating. The main 7,200 square foot building is constructed on a durable slab foundation and incorporates a robust steel beam support system, allowing for flexible space configuration to accommodate multiple tenants or a single large operation. The property is connected to the sewer system. Its strategic location near major transportation hubs, including the newly developed UBS Arena and UBS LIRR Station, ensures high visibility and accessibility, attracting significant foot traffic and benefiting from the area's growth potential. This makes it an attractive investment in a vibrant and developing commercial area. The asking price is $5,250,000.

• Alternative Use

  Use

  Valuation

  Residential

  $792,533

  Hospitality

  $725,956

  Educational

  $603,987

  Medical

  $624,759

  Retail

  $939,536

Location Insight

City

Elmont

County

Nassau

State

New York

Latitude

40.7066

Longitude

-73.6971

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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