46 Fulton AveHempstead, NY 11550

Property Details for 46 Fulton Ave

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.44 AC

Property size (Sq ft)

6,160 SF

Property type

Retail space

APN

34-295-00-0051

APU

34295000051

Description

This exceptional investment opportunity presents two contiguous, fully-occupied freestanding retail buildings totaling 27,984 square feet situated on a 41,735 square foot lot in Hempstead, NY. The property boasts 100% occupancy with eleven tenants under gross leases, generating a strong net operating income (NOI) of $612,144 and a 5.10% cap rate. Built in 1983 and 2006, these single-story Class C buildings benefit from 35 on-site parking spaces and a prime location on Fulton Avenue, offering excellent visibility and frontage. Tenants contribute to water and sanitation costs. The property is zoned for commercial use and enjoys a strategic location near national retailers such as AutoZone, T-Mobile, Chase Bank, Burger King, Five Below, KFC, and Home Depot, as well as the West Hempstead LIRR train station. The asking price is $11,999,999, representing a compelling investment in a stabilized, multi-tenant retail portfolio with significant upside potential. The property features fee simple ownership and includes two separate APNs: 2013-34-295-00-0051-0 and 2013-34-295-00-0049-0.

Location Insight

City

Hempstead

County

Nassau

State

New York

Latitude

40.7052

Longitude

-73.635

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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