Mixed-Use Building with
For Sale
$925,000
171 S Franklin Street, Hempstead, NY 11550
Commercial Sale, Hempstead, NY
Property SizeContact for details
Lot Size0.07 Acres
Days on Market344
Property Features for 171 S Franklin Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Basement
Full
Standard status
Active
APN
2013-34-377-00-0387-0
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
28860
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
Listing Agency:
Keller Williams Realty Greater
(516) 873-7100
Listed By:
Aziz S. Qaud · License #10401250846
(516) 223-1000
Added: Sep 11, 2025
Changed: Aug 20
Last Checked: Aug 20 at 7:06AM
MLS# 911557
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This mixed-use property contains a double storefront at street level, currently occupied by a grocery and deli, with two apartments above. The residential component includes one two-bedroom unit and one three-bedroom unit. A basement and backyard provide additional space, while new column supports have been installed in the basement. Building improvements include a new roof with warranty and upgraded 200-amp electric service. Heating is provided by natural gas, and the cooling systems use separate meters for multiple units.
The property occupies a corner location near bus service, schools, and the train. New developments are located across the street, additional projects are underway, and a new charter school is one block away. The 1926 building has public water and public sewer service, with 0.0672 acres of land and a 7.5% cap rate.
The property occupies a corner location near bus service, schools, and the train. New developments are located across the street, additional projects are underway, and a new charter school is one block away. The 1926 building has public water and public sewer service, with 0.0672 acres of land and a 7.5% cap rate.
Key Highlights
- Double storefront occupied by a grocery and deli
- Two apartments: one two‑bedroom and one three‑bedroom
- New roof with warranty
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,066
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner property combining a double storefront with two residential apartments and separate building systems.
Where is this mixed-use property located?
The property is located at 171 S Franklin Street Hempstead, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Double storefront occupied by a grocery and deli; Two apartments: one two‑bedroom and one three‑bedroom; New roof with warranty
