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238-248 Front St 15,128 SF 100% Leased Retail Building Hempstead, NY 11550 $8,026,540 CAD ($530.58 CAD/SF) 5.53% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully-Occupied Retail Strip in Hempstead, NY
- 127 Feet of Frontage on Front St
- On-Site Parking with 17 Spaces
- Tenants Pay for their Own Utilities
- High Traffic Counts: 21,870 Cars Per Day
- On the Corner of a Signalized Intersection
EXECUTIVE SUMMARY
At this location is a fully-occupied strip center with 6 tenants. The tenants pay for their own utilities. There is on-site parking with 17 spaces and the property has
127 feet of frontage on Front St. The property is located on the corner of a busy signalized intersection and is under one mile away from the West Hempstead Train Station.
127 feet of frontage on Front St. The property is located on the corner of a busy signalized intersection and is under one mile away from the West Hempstead Train Station.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,128 SF
Building Class
C
Year Built
1954
Price
$8,026,540 CAD
Price Per SF
$530.58 CAD
Cap Rate
5.53%
NOI
$444,253 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.71
Lot Size
0.49 AC
Zoning
Commercial
Parking
17 Spaces (1.12 Spaces per 1,000 SF Leased)
Frontage
127’ on Front St
AMENITIES
- Signage
- Signalized Intersection
Walk Score®
Walker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2013-35-328-01-0328-0 | Improvements Assessment | $7,675 CAD |
| Land Assessment | $4,492 CAD | Total Assessment | $12,167 CAD |
PROPERTY TAXES
Parcel Number
2013-35-328-01-0328-0
Land Assessment
$4,492 CAD
Improvements Assessment
$7,675 CAD
Total Assessment
$12,167 CAD
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238-248 Front St
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