46/50 Fulton AVE new Save Request In-Person Tour Request Virtual Tour
Hempstead,NY 11550
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 888770
Year Built 1983
Annual Tax Amount $185,000
Lot Size 0.950 Acres
Property Sub-Type Retail
Property Description
Prime Hempstead strip mall investment opportunity featuring two well-maintained commercial buildings totaling approximately 17,500 sq ft of retail space on a 0.95-acre corner lot (39,703 sq ft). The property offers 15 storefronts, currently occupied by 11 tenants—many with tenancies spanning over 20 years. With 50 dedicated customer parking spaces and a high-visibility location in the fast-growing town of Hempstead, surrounded by national retailers and heavy traffic, this asset delivers strong performance and stability. Generating $637,000 in annual net income at a 6.38% cap rate, it presents a rare opportunity for reliable cash flow and long-term upside.
Location
State NY
County Nassau County
Interior
Heating Electric
Cooling Electric
Exterior
Parking Features Parking Lot
Utilities Available Electricity Connected,Natural Gas Connected,Trash Collection Private
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None