2501 Hempstead TpkeEast Meadow, NY 11554

Property Details for 2501 Hempstead Tpke

Year built

1969

Lot size

2.10 AC

Property size (Sq ft)

28,082 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

45-00J-00-0136

APU

4500J000136

Description

This exceptional retail property, located at 2501 Hempstead Turnpike in East Meadow, New York, presents a unique investment opportunity. The property is classified as a shopping center with multiple suites, encompassing a total of 1 square foot of building space. Currently, 1 square foot of retail space is available for lease. Situated on a generous 2.1-acre lot, this location offers significant visibility and accessibility. The property's address is 2501 Hempstead Turnpike, East Meadow, NY 11554, within Nassau County. Its strategic location provides excellent exposure to high traffic volume, making it ideal for a variety of retail businesses. The property's size and location make it an attractive option for businesses seeking a prominent presence in a thriving commercial area. The ample land area offers potential for expansion or future development. This is a rare opportunity to secure a retail space in a prime East Meadow location. The property's single-suite configuration offers a unique opportunity for a business seeking a dedicated space. Further details regarding lease terms and conditions are available upon request. Interested parties are encouraged to inquire promptly. The property is conveniently located in Nassau County, New York, offering easy access to major transportation routes and a strong local customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $5,757,064

  6.5%

  $5,314,213

  7%

  $4,934,626

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,687,251

  Geo Method

  $5,687,251

• Alternative Use

  Use

  Valuation

  Residential

  $5,314,213

  Hospitality

  $4,867,790

  Educational

  $4,049,944

  Medical

  $4,189,228

  Retail

  $6,299,914

Location Insight

City

East Meadow

County

Nassau

State

New York

Latitude

40.7251

Longitude

-73.5428

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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