Hempstead, NY 11575

Property

Ownership: For Sale
Type: Retail
Lot Size: 0.1 Acres

Financials

Price:$4,000,000
Annual Taxes:$79,857
6243 Northern Blvd
Phone:
Listing Courtesy of Developing Dreams Realty USA

Value add short sale opportunity at 175 Nassau Road in Roosevelt.

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.

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.