163-175 Nassau Road, Hempstead, NY, 11575
$3,200,000
activeLot Size
6,165 sqft
Year Built
1949
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
Value-add short sale opportunity at 175 Nassau Road in Roosevelt. This strip mall offers strong income potential with existing occupancy and additional upside through lease optimization and operational improvements. Market rents are in place on occupied units, with the opportunity to further enhance cash flow and stabilize the asset. The property was renovated in 2016 and features on-site parking with 22 spaces, providing convenience for tenants and customers. Located in a high-demand area with strong rental activity, the property benefits from excellent accessibility, near the Southern State Parkway and Meadowbrook State Parkway, and just 1.4 miles from the Freeport LIRR station and Sunrise Highway. An excellent opportunity for investors seeking a well-located retail asset with long-term growth potential.
Listed by Mathew Klein, Developing Dreams Realty USA
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