300 Hempstead Turnpike

West Hempstead, NY 11552

Listing ID: 148340
$6,240,000
For Sale
  • Lot Size Acres 0.750
  • Building Sq Ft 31,710
  • Land Sq Ft 32,670
  • Land Price per Sq Ft $191.00
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

Location & Directions
Demographics

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 Radius 3-Mile Radius 5-Mile Radius
Total Population23,621244,017674,538
Population Median Age383940
Population by Age0-9 Yrs29733084277479
10-19 Yrs33893224183994
20-29 Yrs33223274990048
30-39 Yrs25623006782330
40-49 Yrs28633235787445
50-59 Yrs35713476099410
60-69 Yrs25562638778704
70+ Yrs23842461475127
Median HH Income$107,686$102,336$100,617
Total Household Income< 24K774794022373
25-49K856965028373
50-74K842925327591
75-99K923941926847
100-199K25922509172304
200K+12441270134071
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

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.

Listing Agent
More listings from Michelle Abramov
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