46/50 Fulton Avenue, Hempstead, New York 11550

46/50 Fulton Avenue, Hempstead, New York 11550
46/50 Fulton Avenue, Hempstead, New York 11550
46/50 Fulton Avenue, Hempstead, New York 11550
46/50 Fulton Avenue, Hempstead, New York 11550
46/50 Fulton Avenue, Hempstead, New York 11550

Listed By Keller Williams Rty Gold Coast

The Retail Property for Sale located at Hempstead, New York 11550 is currently for sale. Hempstead, New York 11550 is listed for $10,000,000. This property has Parking Lot features. If the property located at Hempstead, New York 11550 isn't what you're looking for, visit https://blueislandhomesny.xomio.com to see other Retail Properties for Sale in Hempstead .

Date Updated : Jul 15, 2025

MLS#: 888770

$10,000,000 USD

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The details

Property features

Key features

  • Parking Lot

Construction details

  • Year built: 1983

Other features

  • Heating system: Electric

Description

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.

Location

Hempstead, New York 11550
Map preview
Courtesy of Paul Q. Zhou CBR Keller Williams Rty Gold Coast

Listing Contact: 516-482-0200

Equal Housing Opportunity

All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.