Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Established Pizzeria in High-Traffic Location Title is generated by Realmo AI

    1056 Franklin Avenue, Hempstead, NY 11580

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $300,000

    Turnkey pizzeria with loyal clientele and growth potential.

    Added:
    May 12, 2026
    Days on Market:
    15
    Last Refresh:
    May 19 at 11:18 pm

    Property Features for 1056 Franklin Avenue

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Gladys Ramirez

    Listing agent Gladys Ramirez License #31RA0597323

    Listing office Telemundo Realty Corp

    Listing date May 12, 2026

    Source Exprealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Telemundo Realty Corp

    HighLights

    • High‑traffic location with excellent visibility and steady customer flow.
    • Turnkey, fully equipped pizzeria with spacious kitchen, pizza ovens, and prep stations.
    • Loyal repeat clientele.
    • Strong potential for growth through delivery, catering, and expanded menu.
    • Dine‑in seating and takeout area.
    • Conveniently located near residential neighborhoods, schools, and local businesses.

    Overview

    This is a turnkey opportunity to own a well-established pizzeria. The business is situated in a high-traffic location, offering excellent visibility and a steady flow of customers. The fully equipped business includes a spacious kitchen, pizza ovens, and prep stations. It also features dine-in seating and a takeout area. The pizzeria benefits from a loyal and repeat clientele. There is strong potential for continued growth through delivery services, catering options, and expanded menu offerings. The location is convenient, near residential neighborhoods, schools, and local businesses. Parking is available in the back.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6851843
    Latitude
    40.6797014

    Nearby Similar for Sale

    • $375,000
      2,338 SF

      Professional Office Condominium in Hempstead

      2,338 sq. ft. office condo with versatile layout.
      230 Hilton Avenue, Hempstead, NY 11550
      View Details
    • $295,000
      1,500 SF

      Established Hempstead Convenience Store Opportunity

      Turnkey convenience store with prime location and modern infrastructure.
      57 Main Street, Hempstead, NY 11550
      View Details
    • $325,000
      1,500 SF

      Hempstead Medical/Professional Office Space

      Turnkey, 1,500 sq ft office space ideal for medical/professional use.
      230 Hilton Avenue, Hempstead, NY 11550
      View Details
    • $1,399,999

      Hempstead Multifamily Investment Opportunity

      Tenant-occupied four-unit property with recent renovations and updated utilities.
      22 Virginia Avenue, Hempstead, NY 11550
      View Details
    • $790,000

      Hempstead Multifamily Investment Opportunity

      Four-unit residential property near shopping and transportation in Hempstead, NY.
      77-79 Albermarle Avenue, Hempstead, NY 11550
      View Details
    • $500,000

      Hempstead Two-Family Investment Opportunity

      Legal two-family home with reliable rental history and separate utilities.
      3840 Linden Place, Hempstead, NY 11550
      View Details
    • $1,295,000
      4,796 SF

      Commercial Office Space For Sale

      Commercial office space on a busy street, investment opportunity.
      86 Front St, Hempstead, NY 11550
      View Details
    • $295,000
      1,500 SF

      Prime Hempstead Convenience Store Opportunity

      Established convenience store with prime location and turnkey setup.
      57 Main St, Hempstead, NY 11550
      View Details
    • $599,000

      Hempstead Multifamily Handyman Special

      Multifamily property in Hempstead, NY, requiring renovation.
      153 Cornell Street, Hempstead, NY 11550
      View Details
    • $500,000
      1,800 SF

      Hempstead Medical Office Condo

      Spacious medical office condo in Hempstead, Long Island.
      230 Hilton Ave 207, Hempstead, NY 11550
      View Details
    • $925,000

      Income-Generating Mixed-Use Property

      Commercial property with storefront, apartments, and income potential.
      171 S Franklin Street, Hempstead, NY 11550
      View Details
    • $99,000

      Turnkey Restaurant Business For Sale

      Quick-serve restaurant in vibrant Rockville Centre, near LIRR station.
      1 N Park Avenue, Hempstead, NY 11570
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Turnkey pizzeria with loyal clientele and growth potential.
    Where is this conventional restaurant located?
    The property is located at 1056 Franklin Avenue Hempstead, NY.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: High‑traffic location with excellent visibility and steady customer flow.; **Turnkey, fully equipped pizzeria with spacious kitchen, pizza ovens, and prep stations.**; Loyal repeat clientele.
    (347) 351-5846
    We can help!
    Listing Contact
    Gladys Ramirez
    Real Estate License ID: 31RA0597323
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1056 Franklin Avenue, Hempstead, NY 11580
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!