352 Hempstead Avenue, West Hempstead, NY 11552
sale
$1,450,000
|
Mixed Use
Courtesy Of Keller Williams Landmark II
Exceptional investment opportunity in the Heart of West Hempstead! Features a 4-Unit Mixed-Use Corner Building with a detached 2 Car Garage. The property features 20+ feet of frontage on high-traffic Hempstead Avenue, excellent signage and exposure. Equipped with 3-phase industrial electrical service (300 amps). 1st Floor Offers Store-Tattoo parlor with full basement $3,000 month ($36,000/year can be delivered vacant) and Studio apartment $1,500 month ($18,000/year), 2nd Floor Units Offer a 2-bedroom apartment $2,400 month ($28,800/year), a 1-bedroom apartment $2,300 month ($27,600/year), and detached 2 car garage rental $500 month ($6,000/year). Zoned for flexibility, it s perfect for investors, developers, or end-users seeking a value-add opportunity or future redevelopment site. Gross annual rental income $116,400 and annual expenses $31,036.25. Located just blocks from the West Hempstead and Hempstead Gardens LIRR stations and surrounded by national retailers. This property offers unmatched visibility, steady cash flow, and tremendous upside. Don t miss the chance to own a high-yield asset in one of Nassau County s most desirable corridors.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 4
- Exterior Type: Brick
- Heating System: Steam
- MLSID: 913604
- Rooms: Basement
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