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, approximately 41,630 sq ft, additional adjoining properties available for sale if needed, 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.
42 Hempstead Turnpike, Oyster Bay, (Farmingdale), NY, 11735
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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