Market Intelligence
Five Towns / Hewlett
Neighborhood Retail & Service Commercial
Overview
The Five Towns area offers accessible commercial real estate with higher cap rates than the North Shore markets. Broadway in Hewlett and Central Avenue in Lawrence feature neighborhood-serving retail and service businesses. The community's strong residential base provides a reliable customer pool for commercial tenants.
Rozita's Take
The Five Towns are where I send investors looking for yield. Cap rates of 7-8% are achievable here on well-located retail and mixed-use properties. The tenant base is local and loyal. It's not a trophy market, but it's a cash flow market — and for many investors, that's exactly what they need.
Market Data
Demographics
Diverse residential communities. Strong community retail demand. Value-oriented market.
Major Employers & Tenants
Local retail, service businesses, restaurants, healthcare
Key tenant types: Local retail, service businesses, restaurants
Zoning Information
GBR along Broadway in Hewlett and Central Avenue in Lawrence.
Transportation Access
Hewlett, Gibson, Valley Stream LIRR — 45 min to Penn. Peninsula Blvd, Rockaway Turnpike.
Commute to NYC: 45 min LIRR
Active Listings in Five Towns / Hewlett
No active listings in Five Towns / Hewlett right now.
Contact us for off-market opportunities.