79 Hempstead Turnpike, W. Hempstead (West Hempstead), NY, 11552 | $2,680,000

Exceptional opportunity to acquire a high-visibility commercial asset in the heart of West Hempstead. This approximately 9, 204 SF building sits on a prime corridor along Hempstead Turnpike, offering strong traffic exposure and excellent accessibility. The property features a functional single-story layout, ideal for a wide range of commercial uses, along with parking available in both the front and rear for added convenience. Situated on an approximately 16, 500 SF lot, the property also presents strong development and expansion potential (subject to zoning and approvals). Property Highlights: Approx. 9, 204 SF building, Approx. 16, 500 SF lot, Flexible open layout – easy to reconfigure, Front and rear parking, Strong street presence on Hempstead Turnpike, Surrounded by national retailers and established businesses. Potential Uses: Suitable for retail, showroom, medical, professional office, restaurant, event space, or other permitted commercial uses. Offers excellent adaptive-reuse and customization potential for both end-users and investors. Location: Strategically located on Hempstead Turnpike, one of Nassau County’s busiest commercial corridors. Adjacent to Wendy’s and directly across from Flagstar Bank. Nearby national retailers include Target and Home Depot, contributing to strong foot and vehicle traffic. Convenient access to major highways and transportation routes, with easy connectivity to NYC, JFK Airport, and surrounding areas. A new luxury residential development in the immediate area may contribute to increased population density and future demand for retail and services. Summary: Rare opportunity to acquire a well-located commercial property with both immediate usability and long-term upside, including potential for redevelopment or expansion. All information deemed reliable but not guaranteed. Buyer to verify all information independently, including zoning, use, lot size, and square footage.

Features

  • Town: W. Hempstead
  • Property Type: Mixed Use
  • Construction: Other
  • Utilities: See Remarks
  • Heating: Other
  • Cooling: None
  • Year Built: 1983
  • Acreage: 0.37
  • Est. Taxes: $81,567
  • School District: Contact Agent
  • MLS#: 1019276
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/1019276/79hempsteadturnpike_whempstead_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of RE/MAX Edge   Phone: 718-288-3835

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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79 Hempstead Turnpike, W. Hempstead (West Hempstead), NY, 11552

$2,680,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,144,000 $2,144,000 $2,144,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.086% 6.183%
Monthly Tax Payment $6,797 $6,797 $6,797
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $12,173 $12,854 $18,092
Total Monthly Payment $19,095 $19,776 $25,014

* 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.