46/50 Fulton Avenue, Hempstead, NY

$10,000,000

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18,784

Square feet

0.95

Acres

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
Internal Footage 18,784
Square Footage 39703
Acres 0.95
Year Built 1983
Type Commercial Sale
Sub-Type Retail
Status Active

Community Information

Address 46/50 Fulton Avenue
City Hempstead
County Nassau County
State NY
Zip Code 11550

Amenities

Utilities Electricity Connected, Natural Gas Connected, Trash Collection Private
Parking Spaces 50
Parking Parking Lot
Is Waterfront No
Has Pool No

Interior

Heating Electric
Cooling Electric
Fireplace No
Has Basement No

Exterior

Construction Brick

Additional Information

Date Listed July 14th, 2025
Days on Market 91
Short Sale No
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofKeller Williams Rty Gold Coast
Contact Info516-482-0200

Listing Map

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