2552-2566 Hempstead Tpke - Storefront FOR SALE


East Meadow, NY 11554
$4,200,000 USD
516-987-2991
2552-2566 Hempstead Tpke, East Meadow, NY for Sale
$4,200,000 USD
Storefront - FOR SALE
1/9
null | 5.2% Cap Rate

2552-2566 Hempstead Tpke
East Meadow, NY 11554


HIGHLIGHTS

  • Small strip retail on heavily trafficked road

OVERVIEW

Built-in increases raise the base rent $20,000 over the next two years. Taxes are protested and attorney expects to have them decreased. Rents are low for this area. Plenty of upside.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$365 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

East Meadow Strip Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

-

APN/PARCEL ID

2089-51-004-00-0082-0

ASK ABOUT THIS PROPERTY

Denis RodgerUnited Properties Corp.More Info
516-987-2991

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Denis RodgerUnited Properties Corp.More Info
516-987-2991

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.