Just Sold: Retail Storefront in W Hempstead, NY

152-154 Hempstead Turnpike, West Hempstead, New York 11552

Executive Summary:

Price:	$500,000
Building Size:	5,600 SF
Property Type:	Retail Storefront
Lot Size:	0.09 Acres
Year Built:	1952
Cap Rate (Proj.):	9.28%
NOI (Proj):	$46,398
Location:	152-154 Hempstead Tpke, West Hempstead, NY 11552

Property Highlights

Next to Neighborhood Retail Including a Dollar Tree, Wendy’s, Exxon Gas Station, and Other Establishments
Five Minute Walk to the West Hempstead LIRR Train Station
On The Corner of a Signalized Intersection With Daily High Traffic Counts
1400+ SF of Usable Commercial Space For Owner-User Opportunity
Millennium Sistahs – Currently Leasing at Under-Market Rents

About West Hempstead

West Hempstead is a suburban community and census-designated place located in Nassau County, Long Island, New York. It is within the Town of Hempstead.

As of the 2010 census, there were 18,862 people, 5,939 households, and 4,781 families residing in the CDP. The median income for a household in the CDP was $96,563, and the median income for a family was $106,089.

Notable residents include Kalomoira (popular Greek singer), Orville Wright (aviator), and Marc Liebman.

The community is served by West Hempstead Union Free School District which has five schools consisting of three elementary schools, one middle school, and one high school. The district dedicates the success of their students based on the highest standards of excellence in education.