Check Availability
$3,500,000
↓ $200K (5.4%)
House - For Sale

2 Front Street

Hempstead, NY 11550
bedrooms
Studio
bathrooms
0 Bath
$19,007
Estimated Monthly
$0
HOA / Fees
0.16%
Cap Rate

About This Property

A corner gas station and repair shop on a prime well-traveled road situated at the corner of Front Street (a major thoroughfare on LI) in Hempstead.  Gas Station is open from 6 am to 10 pm / 7 days per week. The station has new 4 gasoline pumps, upgraded overhang canopy pumps, and tanks. The gas tank capacity goes up to 21,000. Both self-serve and full-service gas station pumps. Brand new suppression system. The repair shop has 3 brand-new above-ground bays. There are two offices- one as a front office with a waiting room and one private office. Full proof security in the offices. The basement has 2 bathrooms and storage space.  Financials are available upon request.
Unit Size
-
Days on Market
281 days
Land Size
0.20 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,821
HOA Dues
-
Year Built
1936
Listed By
Theresa Lupo
Theresa Lupo
Keller Williams Rty Gold Coast
Last updated: 5 months ago (OneKey MLS #ONE3493113)

Price History

Date / Event Date Event Price
Nov 7, 2023 Price Decreased $3,500,000
↓ $200K (5.4%)
Price Decreased
Sep 24, 2023 Price Decreased $3,700,000
↓ $400K (9.8%)
Price Decreased
Jul 24, 2023 Listed by Keller Williams Points North $4,100,000
Listed by Keller Williams Points North

Property Highlights

Exterior Details

Property Information

Square Footage : 1628
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1936

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Acres: 0.2
Lot Size Square Feet: 8600
Lot Size Dimensions: 92x125
Financial Details
Tax Annual Amount: $21,847

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1936
  • Bedroom Count: 0
  • Building Quality: B-
  • Construction Type: Masonry
  • Exterior Walls Type: Wood
  • Interior Walls Type: Finished/painted materials
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,912
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 920
  • Total Building Area: 354
  • Gross Building Area: 354
  • Building Area: 354
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Land Acres: 0.182
  • Standard Land Use Code: Service station (full service)
  • Legal Description 1: TOWN #1 SCH DIST 001

Ownership

  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Hempstead Union Free School District
  • School Tax School District: 001
  • School Tax District Code 2: HEM
  • Census Tract: 406701

Geography

  • District: 282013
  • Section: 35
  • Parcel: 35-367-00-0373
  • Block: 367
  • Lot: 373
  • Municipality: HEMPSTEAD
  • Latitude: 40.7041
  • Longitude: -73.6375

    Address

  • Full Address: 2 Front St
  • Address - House Number: 2
  • Address - Street Name: Front
  • Address - Suffix Type: St
  • State: NY
  • City Name: Hempstead
  • Carrier Code: C001
  • 4-Digit Zip Code: 3616
  • Zip Code: 11550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $19,741
  • Tax Rate Code Area: 399

    Market Valuation

  • Market Total Value: $467,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,677
  • Assessed Land Value: $1,938
  • Assessed Improvements Value: $2,739

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$4,110,000 Aug 5, 2022
$4,110,000 May 11, 2023
$10,000/mo
House
6 Beds
6 Baths
-
$3,200,000 May 15, 2019
$3,200,000 Oct 30, 2019
-
Multifamily
Stu
-
-
$4,000,000 Jul 18, 2023
-
$2,915/mo

About Hempstead


Similar Homes for Sale

Unit for sale at 40 Hempstead Gardens Drive, West Hempstead, NY 11552

$4,000,000

  • Studio
40 Hempstead Gardens Drive, West Hempstead, NY 11552 Listing by Joseph Albano

Nearby Rentals

Unit for rent at 307 Hempstead Avenue, West Hempstead, NY, 11552

$2,295 /mo

  • 2 Beds
  • 1 Bath
307 Hempstead Avenue, West Hempstead, NY, 11552 Listing by RH Advisors OneKey


Frequently Asked Questions

When was property at 2 Front Street built and last sold?
The property at 2 Front Street was built in 1936 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2 Front Street is $3,535,000.
What are some comparable homes to 2 Front Street?
Homes that are comparable to 2 Front Street include a multifamily property at 40 Hempstead Gardens Drive, a commercial property at 236 Fulton Avenue, a house property at 70 1st Street.

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