1600 Hempstead TpkeEast Meadow, NY 11554

Property Details for 1600 Hempstead Tpke

Year built

2006

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.90 AC

Property size (Sq ft)

3,002 SF

Property type

Banks

APN

50-340-00-0492

APU

50340000492

Description

This exceptional 4,102 square foot freestanding retail building, situated at 1600 Hempstead Turnpike in East Meadow, New York, presents a unique investment opportunity. The property boasts a highly visible location on a major thoroughfare in Nassau County, offering unparalleled exposure to a substantial volume of daily traffic. Its single-tenant occupancy provides flexibility and ease of management. The building's design incorporates a convenient drive-thru feature, enhancing its appeal to a wide range of potential tenants. Ample parking is available with 32 spaces provided for customer convenience. The property is currently vacant, presenting a blank canvas for a new business to establish a strong presence in a thriving community. The building's size and configuration are ideal for a variety of retail uses, making it an attractive option for both established businesses seeking expansion and entrepreneurs looking to launch a new venture. Located in the 11554 zip code, this property benefits from excellent access to major transportation routes, ensuring easy accessibility for both employees and customers. This is a rare opportunity to acquire a prime retail space in a high-traffic area with significant growth potential. The property is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $729,591

  6.5%

  $673,468

  7%

  $625,364

• Comparable approach

  Method

  Valuation

  Relative Method

  $988,448

  Geo Method

  $988,448

• Alternative Use

  Use

  Valuation

  Residential

  $568,096

  Hospitality

  $520,373

  Educational

  $432,944

  Medical

  $447,834

  Retail

  $673,468

Location Insight

City

East Meadow

County

Nassau

State

New York

Latitude

40.7225

Longitude

-73.5773

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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