$3,200,000 USD
Retail Property for Sale, 163-175 Nassau Road, Hempstead, New York 11575
- MLS#988651
Listed By Developing Dreams Realty USA
The Retail Property for Sale located at 163-175 Nassau Road, Hempstead, New York 11575 is currently for sale. 163-175 Nassau Road, Hempstead, New York 11575 is listed for $3,200,000.
Property features
Lot/Land
- Land/Lot size:
573 m² (6,165 ft²)
Construction
- Year built: 1949
- Construction: Brick
Heating and Cooling
- Heating System: Forced Air
Utilities
- Other utilities: PublicCity Sewer
Description
Value-add short sale opportunity at 175 Nassau Road in Roosevelt. This strip mall offers strong income potential with existing occupancy and additional upside through lease optimization and operational improvements.
Market rents are in place on occupied units, with the opportunity to further enhance cash flow and stabilize the asset. The property was renovated in 2016 and features on-site parking with 22 spaces, providing convenience for tenants and customers.
Located in a high-demand area with strong rental activity, the property benefits from excellent accessibility, near the Southern State Parkway and Meadowbrook State Parkway, and just 1.4 miles from the Freeport LIRR station and Sunrise Highway.
An excellent opportunity for investors seeking a well-located retail asset with long-term growth potential.
Location
163-175 Nassau Road, Hempstead, New York 11575