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
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
Listing Contact: 516-482-0200

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.