• Broker Amanda Gordon 5167327079

46-50 Fulton Ave

17,500 SF 100% Leased Retail Building Hempstead, NY 11550 $15,236,001 CAD ($870.63 CAD/SF) 6.26% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Fully leased neighborhood strip center consisting of 11 tenants.
  • Ample Parking with approximately 50 parking spaces.
  • Strong traffic counts with approximately 20,000 vehicles per day.
  • The majority of tenants have been operating at this location long term.

EXECUTIVE SUMMARY

Silber Investment Properties is pleased to exclusively represent 46-50 Fulton Ave Hempstead, NY. The property is fully leased and consists of 11 stores. Most of the tenants have been operating at the property for over 10 years. Located at a signalized traffic light the property sits on the SW corner of Fulton Ave and St Pauls Road S. Strong Demographics with over 230,000 people within a 3 mile radius. Strong Traffic Count with approx. 20,000 VPD. Ample Parking with approx 50 parking space.
Please call Amanda Gordon at 516 732 7079 to discuss further.

ATTACHMENTS

Strip 46 Fulton Ave, Hempstead, NY 11550

PROPERTY FACTS

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,500 SF
Building Class
C
Year Built
1983
Price
$15,236,001 CAD
Price Per SF
$870.63 CAD
Cap Rate
6.26%
NOI
$954,417 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.95 AC
Zoning
C - Commercial
Parking
35 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
119’ on Fulton Ave

AMENITIES

  • Pylon Sign
  • Signalized Intersection

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Fulton Ave Saint Pauls Rd N, NE 19,987 2022 0.03 km
West Orchard Street Weil Pl, NE 1,288 2022 0.15 km
Cathedral Ave Orchard St, SE 15,732 2022 0.21 km
Front St Weil Pl, W 17,600 2022 0.23 km
S Cathedral Ave - 17,084 2022 0.23 km
South Cathedral Avenue W Orchard St, NW 17,211 2018 0.24 km
Front Street Greenwich St, NE 21,416 2018 0.27 km
Cathedral Ave Mulford Pl, NW 9,830 2022 0.28 km
Front St S Cathedral Ave, E 18,923 2022 0.29 km
Front St Bell St, E 19,937 2022 0.34 km
Walk Score®
Very Walkable (84)

NEARBY MAJOR RETAILERS

Tim Hortons
Santander Bank
Flagstar
Chase
TD Bank
Retro Fitness
Bank of America
Bravo Supermarkets
Checkers
Starbucks

PROPERTY TAXES

Parcel Number 2013-34-295-00-0049-0 Improvements Assessment $7,553 CAD
Land Assessment $9,264 CAD Total Assessment $16,817 CAD

Map of 46-50 Fulton Ave Hempstead, NY 11550

ADDITIONAL PHOTOS

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