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    171 S Franklin St Hempstead, NY 11550

    For Sale
    $925,777

    MULTI_FAMILY - Hempstead, NY

    Lot size:
    0.07 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 14 at 4:06 am

    Property Features for 171 S Franklin St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    2013-34-377-00-0387-0
    Basement
    Full
    Lot size
    0.07 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Separate Meters, Multi Units
    Water source
    Public

    Building Details

    Year built
    1926
    Number of units
    3
    Building materials
    Cedar

    Keller Williams Realty of Greater Nassau (516) 873-7100 [email protected]

    Listing agent Aziz S. Qaud (516) 467-7611

    Listing date Nov 20, 2025

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Profitable Commercial Property in Hempstead

    This commercial property includes a double store on the ground floor, currently operating as a grocery and deli. Above the retail space are two newly renovated apartments, one with two bedrooms and the other with three bedrooms. The building has a new roof with a warranty. It is situated on a corner across from new developments, with additional projects underway. A new charter school is located one block away. The property is near buses, schools, and the train. Current rents are $3800 for the deli/grocery, $2000 for the two-bedroom apartment, and $2700 for the three-bedroom apartment. All units are occupied by long-term tenants with rental increases. The basement and backyard offer potential for extra income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    La Esquina Deli ... Grocery Store ATM Atm The Law Offices of Francis ... Museum

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Mini market bendicion, Productos Centroamericanos Isabel, Baldwin Road Deli, Super mercado, Stop and shop

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6238656
    Latitude
    40.7000992

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    FAQs

    What type of property is this?
    Grocery and convenience store - Commercial property with retail and residential units in vibrant location.
    Where is this grocery and convenience store located?
    The property is located at 171 S Franklin St Hempstead, NY.
    What is the asking price?
    The asking price for this property is $925,777.
    What are key features of this property?
    This property features: - Profitable commercial property with established grocery/deli and two renovated apartments providing immediate income.; - New roof with warranty ensures long-term structural integrity.; - High occupancy with long-term tenants and rental increases in place.
    (516) 467-7611
    Request Owner's contact information
    171 S Franklin St Hempstead, NY 11550
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    Hempstead, NY 11550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    171 S Franklin St Hempstead, NY 11550
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