Property Details

Overview

Prime Hempstead strip mall investment opportunity featuring two well-maintained commercial buildings totaling approximately 17, 500 sq ft of retail space on a 0.95-acre corner lot (39, 703 sq ft). The property offers 15 storefronts, currently occupied by 11 tenants—many with tenancies spanning over 20 years. With 50 dedicated customer parking spaces and a high-visibility location in the fast-growing town of Hempstead, surrounded by national retailers and heavy traffic, this asset delivers strong performance and stability. Generating $637, 000 in annual net income at a 6.38% cap rate, it presents a rare opportunity for reliable cash flow and long-term upside.