507 Eagle Ave
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507 Eagle Ave
3,600 SF Retail Building West Hempstead, NY 11552 £943,433 (£262/SF) 8% Net Initial Yield
Executive Summary
Rare opportunity to own a standalone mixed-use property in the heart of West Hempstead! This property boasts 3,700 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
3,600 SF
Building Class
B
Year Built/Renovated
1954/2019
Price
£943,433
Price Per SF
£262
Net Initial Yield
8%
NOI
£75,475
Tenancy
Single
Number of Floors
1
Building FAR
0.55
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
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2089-35-408-00-0159-0 | Improvements Assessment | £584 |
| Land Assessment | £600 | Total Assessment | £1,185 |
PROPERTY TAXES
Parcel Number
2089-35-408-00-0159-0
Land Assessment
£600
Improvements Assessment
£584
Total Assessment
£1,185
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507 Eagle Ave
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