Project Description

For Sale: Retail Property in Hempstead, NY

221-223 Greenwich St, Hempstead, NY 11550

Executive Summary:

Price: $625,000
Building Size: 1,850 SF
Property Type: Retail
Lot Size: 6,412 SF
Year Built: 1958
Cap Rate: 6.56%
NOI: $41,007
Location:
221-223 Greenwich St
Hempstead, NY 11550

Investment Summary

  • Retail Stores Can Be Delivered Vacant
  • Strong Traffic Counts: Prime Location For Activity
  • Adjacent to a Busy Car Wash, Dunkin’ Donuts, and Auto Body Shop
  • 10 Car Parking Lot Behind Building

Investment Details

American Investment Properties is exclusively retained to sell 221-223Greenwich St in Hempstead, New York. At this location are two retail stores that can be delivered vacant at sale.

This property is in a strong location with traffic counts over 25,000 vehicles per day. Presented between two signalized intersections and adjacent to a busy car wash, Dunkin’ Donuts, and auto shop this building has the potential for high walk-in traffic.

The building also has a driveway which leads to a 10 car parking lot behind the building.

About Hempstead

The Town of Hempstead is among the three towns known as civil townships located in Nassau County, Long Island, New York. There is a total of twenty-two incorporated villages completely or partially in the town.

The Town of Hempstead is the largest township in the United States, having not only the 22 incorporated villages, but over 65parks and marinas, and 2,500 miles of city, county, state, and federal roads.

Hempstead has a number of institutions of higher learning such as Hofstra University, New York University and Nassau Community College and more. The Town of Hempstead Department of Parks and Recreation is one of the largest municipal park systems in the United States. It has a total of 65 parks and marinas that offer numerous activities for all ages including sports, cultural arts,concerts, aquatics, and recreation.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300 x202
(F) 516.390.5780

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