Retail & Office Building in Hempstead, NY
$3,499,000
24-26 Main Street, Hempstead, NY 11550
For Sale
Mixed Use
Office/Retail
Active
Last Updated: 12/12/2024
7.52
Cap Rate
262,954
NOI
Details:
Cap Rate: 7.52%
NOI: $262,954
Building Size: 25,806 sqft
Lot Area: 21,179 sqft
Class: C
Lease Type: Modified Gross
Year Built: 1948
Price Per Sqft: $135.59
Zoning: Commercial
Tenancy: Multiple
Floors: 2
Investment Strategy: Value Add
Highlights:
- For Sale: Retail & Office Building in Hempstead, NY
- Nassau County Tenant is Month-to-Month
- Restaurant Tenant has a Lease Expiring in 2027 with 3% Increases in Rent
- Property has a Basement (Nassau County Occupied)
- High Ceilings
- Located Near Front St, Peninsula Blvd, Fulton Ave, and Several Other Major Roadways
- Surrounded by Various National Credit Retail Tenants such as Bank of America, Harbor Freight, Bethpage Federal Credit Union, TJ Maxx, McDonald's, Five Below, and More
Description:
At this location is a retail and office building that has multiple tenants. The building has a basement and high ceilings throughout. This property is also located near Front St, Peninsula Blvd, Fulton Ave, and several other major roadways.
Documents:
| Title | ||
|---|---|---|
|
Hempstead__24-26_Main_St__Offering_Memorandum_.pdf
|
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
