Office Space - For Sale
300 Hempstead Turnpike West Hempstead, NY 11552
Details & Description
Price: $6,240,000
  • Property Type Office for Sale
  • Lot Size Acres 0.750
  • Building Sq Ft 31,710
  • Building Price per Sq Ft $196.78
  • Land Sq Ft 32,670
  • Land Price per Sq Ft $191.00
Description: Retail center consisting of 17 retail tenants in West Hempstead Neighborhood: West Hempstead Lot Size: 32,375 SF Building Size: 31,710 SF Number of Stories: 3 Parking: 55 parking spots in front of the centwe and in the back Year Built: 1966 Transportation: [n6] bus stations Nearby Retailers: Dollar Tree, CVS Pharmacy, Game Stop, Chase Bank, Rite Aid and more Asking Price: $6,240,000Highlights: Multi-level office & retail center Located on a hard intersection of Hempstead Turnpike and Arden Avenue 55 parking spots in front & back of the center Strong retail corridor with heavy foot & car traffic on both sides of the streets Over 40,000 cars pass per day Significantly below market rents ~ average of $22.35 PSF National Tenants nearby include: Dollar Tree, Savers, People’s United Bank, Stop & Shop, GameStop, Payless, CVS, Chase Bank, Rite Aid, Cohen’s Optical, and many more Multiple local bus stops right in front of the center and the LIRR is nearby NOI- $ 383,700 CAP- 6.15 % Price- 6,240,000
Listing Agents
Michelle Abramov

O: 718-663-2652
mabramov@ripcony.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

300 Hempstead Turnpike

West Hempstead, NY 11552

Listing ID: 148340
$6,240,000
For Sale
  • Property Type Office for Sale
  • Lot Size Acres 0.750
  • Building Sq Ft 31,710
  • Building Price per Sq Ft $196.78
  • Land Sq Ft 32,670
  • Land Price per Sq Ft $191.00
300 Hempstead Turnpike West Hempstead, NY 11552 | for Sale | Photo 1
Description

Description: Retail center consisting of 17 retail tenants in West Hempstead
Neighborhood: West Hempstead
Lot Size: 32,375 SF
Building Size: 31,710 SF
Number of Stories: 3
Parking: 55 parking spots in front of the centwe and in the back
Year Built: 1966
Transportation: [n6] bus stations
Nearby Retailers: Dollar Tree, CVS Pharmacy, Game Stop, Chase Bank, Rite Aid and more
Asking Price: $6,240,000

Highlights:

Multi-level office & retail center
Located on a hard intersection of Hempstead Turnpike and Arden Avenue
55 parking spots in front & back of the center
Strong retail corridor with heavy foot & car traffic on both sides of the streets
Over 40,000 cars pass per day
Significantly below market rents ~ average of $22.35 PSF
National Tenants nearby include: Dollar Tree, Savers, People’s United Bank, Stop & Shop, GameStop, Payless, CVS, Chase Bank, Rite Aid, Cohen’s Optical, and many more
Multiple local bus stops right in front of the center and the LIRR is nearby
NOI- $ 383,700
CAP- 6.15 %
Price- 6,240,000
Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
New York History of Office Space for Sale

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West Hempstead Area Market Trends

Listing Demographics for 300 Hempstead Turnpike West Hempstead, NY 11552

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population23,621244,017674,538
Population Median Age383940
Population by Age0-9 Yrs2973 (12%)30842 (12%)77479 (11%)
10-19 Yrs3389 (14%)32241 (13%)83994 (12%)
20-29 Yrs3322 (14%)32749 (13%)90048 (13%)
30-39 Yrs2562 (10%)30067 (12%)82330 (12%)
40-49 Yrs2863 (12%)32357 (13%)87445 (12%)
50-59 Yrs3571 (15%)34760 (14%)99410 (14%)
60-69 Yrs2556 (10%)26387 (10%)78704 (11%)
70+ Yrs2384 (10%)24614 (10%)75127 (11%)
Median HH Income$107,686$102,336$100,617
Total Household Income< 24K774 (10%)7940 (10%)22373 (10%)
25-49K856 (11%)9650 (13%)28373 (13%)
50-74K842 (11%)9253 (12%)27591 (13%)
75-99K923 (12%)9419 (12%)26847 (12%)
100-199K2592 (35%)25091 (33%)72304 (34%)
200K+1244 (17%)12701 (17%)34071 (16%)
Highest Education LevelNo Diploma15862082454048
Diploma or GED371739794115991
Some College23632679377043
Assoc. Degree14081314439070
Bachelors Degree313335883102892
Higher Degree30552706477685
Total Housing Units7,73277,945222,256
--Owner-Occupied5,83755,571163,861
--Renter-Occupied1,39418,48547,699
Owner-Occupied Values< 100K24113874253
100-199K22112004661
200-299K201551815107
300-399K14801298637292
400-499K16011230540807
500K+20922217461742
Total Working Age Population18,890194,785548,308
In Work Force12,327127,856358,422
Not In Work Force6,56366,929189,886
Workforce Employed11,784122,296340,323
Workforce Unemployed5335,49817,857
Civlian Workforce12,317127,794358,180
Military Workforce1062243
Total Households7,23174,055211,560
Family Households5,60057,385162,434
Non-Family Households1,63116,67049,126
Married Couple4,18141,931120,967
Other Family1,42015,45441,466
Married w/Child1,90819,30651,960
Single Male w/Child1371,3593,832
Single Female w/Child4854,65711,200

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
New York18,976,457+219,378,102+420,146,131+220,604,030
Queens County2,229,37902,230,722+92,436,549+52,565,268
Nassau County1,334,54401,339,532+41,386,500+31,432,859

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
John F Kennedy International Airport (JFK) 8
La Guardia Airport (LGA) 13
Newark Liberty International Airport (EWR) 27
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