Marcus & Millichap is pleased to present for sale 277-287 Hempstead Avenue, a mixed-use property located in Malverne, New York.
The well-located subject property rests on a 0.23-acre parcel with approximately 10,710 square feet of leasable area. The property consists of five (5) storefronts and five (5) apartments. The apartments are all on month-to-month leases with severely below market rent. This vibrant portion of Hempstead Avenue is traveled by over 15,000 vehicles daily, with myriad nearby national retailers including Chase Bank, USPS, Webster Bank and much more. Area demand drivers include the Malvern LIRR Station and Malverne High School. The subject property is also located just south of the Southern Parkway.
Malverne is an affluent, densely populated hamlet located in Southern Nassau County on Long Island. This offering represents a rare opportunity to acquire a cash flowing asset in a premier market. Additional information on this investment opportunity is available upon request.