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238-248 Front St 15,128 sq ft 100% Let Retail Property Hempstead, NY 11550 £4,297,032 (£284.04/sq ft) 5.53% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Fully-Occupied Retail Strip in Hempstead, NY
  • 127 Feet of Frontage on Front St
  • On-Site Parking with 17 Spaces
  • Tenants Pay for their Own Utilities
  • High Traffic Counts: 21,870 Cars Per Day
  • On the Corner of a Signalized Intersection

EXECUTIVE SUMMARY

At this location is a fully-occupied strip center with 6 tenants. The tenants pay for their own utilities. There is on-site parking with 17 spaces and the property has
127 feet of frontage on Front St. The property is located on the corner of a busy signalized intersection and is under one mile away from the West Hempstead Train Station.

DATA ROOM Click Here to Access

  • Offering Memorandum

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Shopfront
Property Size
15,128 sq ft
Costar Property Class
C
Year Built
1954
Price
£4,297,032
Price per sq ft
£284.04
Yield
5.53%
NOI
£237,832
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.71
Total Plot Size
0.49 ac
Use Class
Commercial
Parking
17 Spaces (1.12 Spaces per 1,000 sq ft Leased)
Frontage
127 ft on Front St

AMENITIES

  • Signage
  • Signalised Intersection
1 1
Walk Score®
Excellent pedestrian access (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Tim Hortons
TD Bank
Stop & Shop Supermarkets
Santander Bank
Retro Fitness
Bank of America
Citibank
Chase
Bravo Supermarkets
Golden Krust

PROPERTY TAXES

Parcel Number 2013-35-328-01-0328-0 Improvements Assessment £4,101
Land Assessment £2,400 Total Assessment £6,502

PROPERTY TAXES

Parcel Number
2013-35-328-01-0328-0
Land Assessment
£2,400
Improvements Assessment
£4,101
Total Assessment
£6,502
(516) 393-2300 x101

Still interested?

Contact the agent for more information about this property

CONTACT

  • Listing ID: 36771513

  • Date on Market: 17/07/2025

  • Last Updated:

  • Address: 238-248 Front St, Hempstead, NY 11550

The Retail Property at 238-248 Front St, Hempstead, NY 11550 is currently available for Sale. Contact American Investment Properties, Inc. for more information.

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238-248 Front St
(516) 393-2300 x 101

238-248 Front St

Ron Koenigsberg
(516) 393-2300 x101

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