450 Meacham Avenue, Hempstead (Elmont), NY, 11003 | $220,000

Profitable Grocery Store with Butchery and Restaurant for Sale - Prime Location in Elmont Unlock a rare opportunity to own a thriving grocery store, fully equipped butchery, and restaurant all under one roof! This incredible business boasts multiple revenue streams and caters to a diverse customer base. With a fully equipped commercial kitchen, featuring stainless steel appliances and ample prep space, this location is perfect for a culinary entrepreneur looking to capitalize on Elmont's vibrant business district. Situated in a high-traffic area surrounded by successful businesses, this prime commercial space offers tremendous growth potential. Customers are frequently asking for specialty items like premium cuts of meat, and the demand for both groceries and dining makes this a profitable venture. There's also a growing interest in alcoholic beverages, offering an additional revenue source. The spacious interior provides flexibility for layout adjustments, ensuring that you can tailor the space to your vision. Whether you're an experienced business owner or a savvy investor, this is your chance to maximize profits with a business primed for success. Don't miss this chance to own a multi-income business with incredible upside! Elmont's best business opportunity awaits you - schedule a viewing today!

Features

  • Town: Hempstead
  • Property Type: Retail
  • Current Use: Commercial, Food Service, Retail
  • Zoning: COMMERCIAL
  • Year Built: 1949
  • Acreage: 0.04
  • Est. Taxes: $0
  • MLS#: 3582162
  • Days on Market: 32 days
  • Website: https://www.raveis.com
    /prop/3582162/450meachamavenue_hempstead_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Blackstone Realty   Phone: 516-802-3939

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

450 Meacham Avenue, Hempstead (Elmont), NY, 11003

$220,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $176,000 $176,000 $176,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.708% 7.133% 6.256%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,216 $1,170 $1,484
Total Monthly Payment $1,291 $1,245 $1,559

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.