507 Eagle Ave
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507 Eagle Ave
6,700 SF Retail Building West Hempstead, NY 11552 $1,199,000 ($179/SF) 8% Cap Rate
Investment Highlights
- Prime location next to the LIRR ensures easy commutes to the five boroughs and offers high visibility on the bustling Eagle Avenue.
Executive Summary
Rare opportunity to own a standalone mixed-use property in the heart of West Hempstead! This property boasts 3,600 square feet of interior space, offering a multitude of possibilities. It features three storefronts with a 126.25-foot frontage, situated on an 6500 square foot lot, which includes spacious parking at the back of the building. This property is ideal for investors or individual business owners looking to grow. It includes three lots with a central warehouse equipped with overhead doors at both the front and back for easy entry and exit. Additionally, a two-bedroom apartment provides potential for extra income. The prime location next to the LIRR ensures easy commutes to the five boroughs and offers high visibility on the bustling Eagle Avenue. Currently vacant/used as used car dealer. Excellent for Autobody, General Contractor, Electrical Company, Plumbing Company, Cabinet Manufacturing, Endless Possibilities. Overhead doors make it very easy. Private 8 car park in rear welcomes staff and customers., Additional information: Building Size:187x85,Office Pct.:40,Rental Income
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,700 SF
Building Class
B
Year Built
1954
Price
$1,199,000
Price Per SF
$179
Cap Rate
8%
NOI
$95,920
Tenancy
Single
Building Height
1 Story
Building FAR
1.03
Lot Size
0.15 AC
Zoning
Business - Zoning for Business
Currently vacant/used as used car dealer. Excellent for Autobody, General Contractor, Electrical Company, Plumbing Company, C
Frontage
81 FT on Eagle Avenue
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2089-35-408-00-0159-0 | Improvements Assessment | $742 |
| Land Assessment | $762 | Total Assessment | $1,504 |
PROPERTY TAXES
Parcel Number
2089-35-408-00-0159-0
Land Assessment
$762
Improvements Assessment
$742
Total Assessment
$1,504
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507 Eagle Ave
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