Price Reduced 10.00%

$3,600,000

Est. Mortgage $17,499/mo *

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Price History

$3,650,000
12/3/2021

$4,000,000
3/7/2024

$3,600,000
8/8/2024

40-42 Hempstead Turnpike, Oyster Bay, (Farmingdale), NY, 11735

40-42 Hempstead Turnpike, Oyster Bay, (Farmingdale), NY, 11735
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1960

Unique opportunity for investors & users alike! Multi-use/Commercial. Optimal location conveniently located on Hempstead Tpke (Route 24), high visibility, easy access with traffic light at corner & turning lane for east & westbound traffic flow, property wraps around to Merritts Rd with additional egress, north/south access, 3 curb cuts. Possibilities for redevelopment and/or other uses, property currently consisting of operational nursery, 42 Hempstead Tpke, section 49, block 255 & lot 13 (will sell separately for $2,600,000), & 2 residential homes, 40 Hempstead Tpke, lot #11 & 100 Merritts Rd, lot #18, almost 2 acres, approximate lot sq ftg 70,000 sq ft. In its current use both commercial & real estate, cash flow can be achieved. Tremendous, unlimited opportunities! Tax grievances filed on nursery & both residential homes (see attachments).

Status:

Active

Town:

Oyster Bay

Type:

Commercial

Zoning:

NB/Comm.

Heating:

Natural Gas, Oil, Baseboard, Forced Air

Acreage:

1.61

Current Use

Mixed Use

MLS #:

3362984

Community Info

School Info

Walk Score

Mass Transit

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Listing courtesy of Coldwell Banker American Homes 516-293-2323