2390 Hempstead TpkeEast Meadow, NY 11554

  • Retail space
  • 364 SF

Property Details for 2390 Hempstead Tpke

Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.04 AC
Property size (Sq ft)
364 SF
Property type
Retail space
APN
50-363-00-0024
APU
50363000024

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,803
$485
$31
$516
-
-
-
$51,600

FAQs

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