Hempstead, NY 11520

Property

Ownership: For Sale
Type: mixed-use
Pets: Unknown
Lot Size: 0.24 Acres

Financials

Price:$2,499,000
Annual Taxes:$43,000
6243 Northern Blvd
Phone:
Listing Courtesy of RE/MAX Edge

Exceptional 4 lot commercial package featuring three established businesses plus a dedicated 16 space customer parking lot.

View of commercial property with uncovered parking

Description

Exceptional 4-lot commercial package featuring three established businesses plus a dedicated 16-space customer parking lot. Includes a 5,000 sq. ft. catering hall and two store fronts adding up to 2,500 sq. ft. (Texas Ranger Burger Joint + Pizzeria). Strong tenant stability with the pizzeria newly renewed for 10 years, Texas Ranger with 4 years remaining, and the catering hall secured for almost 8 years. Together, the property produces an approx. NOI of $157,888, delivering a 5.85% cap rate at a $2.7M list price. Located along the high-visibility Bayview/Atlantic Avenue corridor, this is a turnkey, cash-flowing investment in a strong commercial district.

Amenities

  • Back Yard
  • Corner Lot

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.