Corner Retail Building with 6
For Sale
Contact for pricing
Pending
476-478 S Franklin St, Hempstead, NY 11550
Corner retail building offering 12’ ceilings, CAC, and new LED lighting with six parking spaces.
Days on Market112
Property Features for 476-478 S Franklin St
General Information
Standard status
Pending
Total Parking Spaces
6
Property subtype
Retail
Additional Details
Cap Rate
6.21%
Highway Access
Yes
Clear Height
12 ft
Building Details
Tenancy
Multi
Listing Agency:
All Island Estates Realty Corporation
Listed By:
Matthew Shane · License #NY 10311207810
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 30 at 3:05PM
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 All Island Estates Realty Corporation
Investment Insights
Based on property information with market context.
This corner retail building is offered for sale with high 12’ ceilings and CAC, along with all new LED lighting. The property includes six parking spaces and is described as having strong signage and great exposure.
The building is located at 476-478 S Franklin St in Hempstead, just a few blocks from the Peninsula Blvd. exit off the Southern State Parkway. Nearby retailers and service users include Mercedes-Benz, Dunkin’, McDonald’s, BP, Citgo, 7-Eleven, T-Mobile, Taco Bell, Carvel, Advanced Auto Parts, KFC, and Dollar Tree.
The offering includes available income from a furniture store and a deli, each listed at $60,000 annually. Operating expenses provided include insurance at $6,000 annually and taxes at $36,323.74 annually, resulting in a proforma net operating income of $77,676.26 annually and a stated 6.21 cap rate.
The building is located at 476-478 S Franklin St in Hempstead, just a few blocks from the Peninsula Blvd. exit off the Southern State Parkway. Nearby retailers and service users include Mercedes-Benz, Dunkin’, McDonald’s, BP, Citgo, 7-Eleven, T-Mobile, Taco Bell, Carvel, Advanced Auto Parts, KFC, and Dollar Tree.
The offering includes available income from a furniture store and a deli, each listed at $60,000 annually. Operating expenses provided include insurance at $6,000 annually and taxes at $36,323.74 annually, resulting in a proforma net operating income of $77,676.26 annually and a stated 6.21 cap rate.
Key Highlights
- 2‑unit corner retail building offered with furniture store and deli income, both listed as available at $60,000/year each
- 6.21% proforma cap rate with projected $77,676.26 annual NOI (proforma)
- 12' ceilings and CAC, plus all new LED lighting
Property Analytics
Current Use
Lease Details
12 ft
Clear height
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,109
Businesses Nearby
360k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 27%
Home Improvements & Furnishings 22%
Dining 18%
Groceries 17%
The Home Depot
Home Improvements & Furnishings
49,626 visits/mo
0.4 miles
McDonald's
Dining
40,780 visits/mo
0.3 miles
T.J. Maxx
Apparel
37,575 visits/mo
0.4 miles
Food Bazaar Supermarket
Groceries
31,686 visits/mo
0.4 miles
Aldi
Groceries
30,727 visits/mo
0.4 miles
Demographics for 11550, NY
61,901
Population
19,579
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
77%
High-School Grad
4.2 sq mi
ZIP Area
14,738
Density / Sq Mi
$86,904
Median Household Income
$40,662
Median Earnings
$1,647
Median Rent
$446,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Corner retail building offering 12’ ceilings, CAC, and new LED lighting with six parking spaces.
Where is this retail space located?
The property is located at 476-478 S Franklin St Hempstead, NY.
What are key features of this property?
This property features: 2‑unit corner retail building offered with furniture store and deli income, both listed as available at $60,000/year each; 6.21% proforma cap rate with projected $77,676.26 annual NOI (proforma); 12' ceilings and CAC, plus all new LED lighting
