About 46/50 Fulton Avenue
Prime Hempstead strip mall investment opportunity featuring two well-maintained commercial buildings totaling approximately 17,500 sq ft of retail space on a 0.95-acre corner lot (39,703 sq ft). The property offers 15 storefronts, currently occupied by 11 tenants—many with tenancies spanning over 20 years. With 50 dedicated customer parking spaces and a high-visibility location in the fast-growing town of Hempstead, surrounded by national retailers and heavy traffic, this asset delivers strong performance and stability. Generating $637,000 in annual net income at a 6.38% cap rate, it presents a rare opportunity for reliable cash flow and long-term upside.
Features of 46/50 Fulton Avenue
| MLS® # | 888770 |
|---|---|
| Price | $10,000,000 |
| Bathrooms | 0.00 |
| Square Footage | 18,784 |
| Acres | 0.95 |
| Year Built | 1983 |
| Type | Commercial |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 46/50 Fulton Avenue |
|---|---|
| City | Hempstead |
| County | Nassau County |
| State | NY |
| Zip Code | 11550 |
Additional Information
Listing Details
| Office | Keller Williams Rty Gold Coast |
|---|---|
| Office Contact | 516-482-0200 |