Compared to neighboring communities, Malverne's business district appears to be doing well in this slow economy. In the past 12 months, and, which will replace a mostly empty building.
opened up and moved into a bigger building, thereby reducing the number of vacant storefronts in the village. To date, there are only a handful of commercial properties in the village bearing "For Rent" signs, but considering the size of Malverne's downtown, each vacancy carries more weight than it would it larger business districts.
Vacancies can have detrimental effects on neighboring stores, community morale, property owners, banks and ofcourse, taxpayers. That's why Patch continues to bring attention to these properties in our series "Empty in Malverne-West Hempstead."
If you drive down Broadway, you may not notice this empty storefront next to The roughly 600-sq. ft. office space in this building, which dates back to 1913, is for rent though. According to , it's currently listed for $975 per month. The taxes are currently $12,403, but the tenant would only be responsible for paying one third of whatever the tax increase is after the first year, explained Keith Thomas.* The rent also includes heat, one parking space and quick access to the Long Island Railroad, as the Malverne train station is just across the street.
What would you like to see open in this location? Is there something missing in the village that you think could would be perfect for this commercial space? Vote in our poll or post your thougts in the comments section below.