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Prime commercial opportunity at 1717 Hempstead Turnpike, Elmont, NY, positioned on one of Nassau County’s busiest corridors with over 40, 000 vehicles passing daily, delivering exceptional exposure for any business. The property offers 2, 349 square feet of space along with exclusive access to a 14-car private parking lot, providing convenience for both customers and employees. Located directly across the street from major national retailers including Home Depot, Target, Chipotle, and Applebee’s, this site benefits from strong consumer traffic and established national brand presence. Traveling westbound, the building enjoys over two blocks of clear visibility, creating a powerful marketing advantage and a true high-impact signage opportunity. Signage can be installed on both sides of the building, allowing exposure to traffic traveling east and west along Hempstead Turnpike. This property has the potential to serve as a future flagship location for a national food franchise, retail brand, or professional business looking to capitalize on the area’s heavy traffic and strong retail synergy. The current Certificate of Occupancy is for office use, with HT-E / HB zoning, allowing multiple permitted uses including professional office, retail trade, bank, restaurant, and recreational use. Ownership is seeking a long-term triple net (NNN) tenant, with the landlord offering to cover 50% of the property taxes, creating an attractive leasing structure for the right operator. Don’t miss the opportunity to secure a high-visibility location in one of Nassau County’s most active commercial corridors.
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Our Executive Mortgage Banker:
$8,600
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $6,880 | $6,880 | $6,880 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.730% |
| Monthly Tax Payment | $2,755 | $2,755 | $2,755 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $41 | $43 | $56 |
| Total Monthly Payment | $2,871 | $2,873 | $2,886 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.