This exceptional 380-square-foot retail space, situated on the bustling Hempstead Turnpike, presents a fantastic opportunity for a single-tenant business. The property is ideally located near major traffic arteries, ensuring high visibility and accessibility for customers. Its convenient location offers proximity to a variety of amenities and high-traffic destinations, including Walmart, the Nassau Coliseum, and Nassau County Medical Center, as well as a McDonald's. This translates to significant foot traffic and potential customer base. The space itself features a single bathroom and offers both window and canopy signage opportunities for maximum brand exposure. A rear access door provides convenient loading and unloading capabilities. The unit is heated electrically. The property is classified as a traditional office space within a retail building, suitable for a variety of uses. Please note that certain business types are not permitted; barbers, brokers, and agents are excluded. Ample parking is available for customers and employees. This turnkey space is ready for immediate occupancy and represents an excellent investment opportunity for the right business. Don't miss out on this chance to establish your presence in a high-demand area. Contact us today to schedule a viewing.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$88,465
6.5%
$81,660
7%
$75,827
Comparable approach
Method
Valuation
Relative Method
$119,852
Geo Method
$119,852
Alternative Use
Use
Valuation
Residential
$68,883
Hospitality
$63,096
Educational
$52,496
Medical
$54,301
Retail
$81,660
Location Insight
City
East Meadow
County
Nassau
State
New York
Latitude
40.7246
Longitude
-73.5475
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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