Vacant Retail Building in Hempstead

415 Clinton Street, Hempstead, NY

$689,000

Price

$47,860

NOI

6.95%

Pro Forma Cap Rate

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Street
Map
Overview
NOI
$47,860
Pro Forma Cap Rate
6.95%
Building Size
2,040 sqft
Lot Area
2,100 sqft
Class
C
Year Built
1969
Price Per Sqft
$337.75
Zoning
Commercial
Gross Leaseable Area
2040
Investment Strategy
Value Add
Description

The property features approximately 2,040 square feet of retail space, 680 SF of a half-basement, and sits on 0.05 acres. Additionally, this property sits on a corner lot with great visibility and wide frontage on Clinton St. Clinton Street has high traffic counts and is located near many modes of local transportation.

Highlights
  • Vacant Retail Building in Hempstead
  • Great Frontage on Clinton St
  • Corner Property with Strong Traffic Counts
  • Surrounded by Local Retail and Various Ways of Transportation
  • Ideal for an Owner-User with a Retail Business
  • Great Lease-Up Opportunity for a Savvy Investor
  • Property Has 680 SF Basement
Documents
Title
Hempstead__415_Clinton_St__Offering_Memorandum__Jan2024.pdf
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Location
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