46/50 Fulton Avenue Hempstead, NY 11550
Retail
MLS #: 888770
Courtesy Of KELLER WILLIAMS REALTY GOLD COAST
Property InformationDescription
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.
Features
- Age: 41-50 Years Old
- Architecture Style: Other
- Building Units: 8
- Cooling System: Electric
- Exterior Type: Brick
- Heating System: Electric (Heating)
- MLSID: 888770
- Parking Spaces: 50
MAP & DIRECTIONS
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