Retail Building in West Hempstead

156 Hempstead Turnpike West Hempstead, NY 11552

156 Hempstead Turnpike , West Hempstead, NY, 11552
156 Hempstead Turnpike , West Hempstead, NY, 11552 156 Hempstead Turnpike , West Hempstead, NY, 11552 156 Hempstead Turnpike , West Hempstead, NY, 11552 156 Hempstead Turnpike , West Hempstead, NY, 11552 156 Hempstead Turnpike , West Hempstead, NY, 11552 156 Hempstead Turnpike , West Hempstead, NY, 11552 156 Hempstead Turnpike , West Hempstead, NY, 11552 156 Hempstead Turnpike , West Hempstead, NY, 11552
FOR SALE
Property Type:
Street Retail
Amount:
$1,300,000
Cap Rate:
0.00%
Last Verified:
Jul 18, 2024

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• Fully-Occupied Retail Building with 6 Tenants • Below Market Rents with Potential to Increase Income Immediately • Tenants Pay for Their Utilities • Property Has a Basement • High Traffic Counts on Hempstead Tpke • Located Within Walking Distance to the West Hempstead Train Station (0.3 Mile Away) • n6 Bus Stop is Located in Front of the Property • Surrounded by Various Other Retail Such as 7-Eleven, Wendy's, KFC, BP Service Station, Cherry Valley Deli, Auto Repair Shops, & More

Map of 156 Hempstead Turnpike , West Hempstead, NY, 11552

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.