1. New York
  2. Hempstead
  3. 46/50 Fulton Avenue
$10,000,000

46/50 Fulton Avenue, Hempstead, NY 11550

  • 18,784 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1983
  • Property Lot Size Icon0.95acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $532/sqft
  • Property List Date Icon Listed 14 days ago

Property 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.

Listing Status:
Active
Listing Office:
Keller Williams Rty Gold Coast : 516-482-0200
MLS ID:
888770
  • A/C: Electric
  • Heating: Electric

This listing courtesy of Keller Williams Rty Gold Coast

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Prospect Elementary School

265 Peninsula Blvd, Hempstead, NY, 11550

Grades PK-KG

0.14 miles away

A

Alverta B Gray Schultz Middle School

70 Greenwich St, Hempstead, NY, 11550

Grades 6-8

0.12 miles away

H

Hempstead High School

201 President St, Hempstead, NY, 11550

Grades 9-12

0.89 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.