Valley Stream Commercial Building For
47 Franklin Avenue, Valley Stream, NY 11580
Commercial building with restaurant, office, and outdoor dining area.
Type:Commercial/Industrial
Property size:
3,304 SFLot size:
0.19 AcresPrice / SF:
$299/SF- Added:
- Mar 12, 2026
- Days on Market:
- 69
- Last Refresh:
- Apr 6 at 4:02 am
Property Features for 47 Franklin Avenue
General Information
- Standard status
- Active
- Size
- 3,304 SF
- Lot size
- 0.19 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1948
Listing agent Sophia X. Yao License #10311209828
Listing office Chase Global Realty Corp (718) 355-8788
Listing date Mar 12, 2026
Source Exitrealty
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 Chase Global Realty Corp
HighLights
- Stable cash flow with an existing NNN lease in place, providing worry‑free rent collection.
- Attractive 6% rate of return on investment.
- Current tenant is a successful, beautifully decorated Mexican restaurant.
- Favorable lease terms: 3 years remaining plus a 5‑year renewal option, with 3‑4% annual rent growth.
- Property features a restaurant, party room, outdoor BBQ dining area, and office space.
- Potential for property tax reduction and homeowner loans with competitive interest rates.
Overview
Located in Valley Stream, Long Island, this commercial building at 47 Franklin Ave offers investment opportunities. The property has a floor area of 8,450 square feet and a building area of 3,304 square feet, with parking for approximately 18-20 vehicles. The first floor features a restaurant, a party room, an outdoor BBQ dining area, and two bathrooms. The second floor contains an office and one full bathroom. Currently operating as a beautifully decorated Mexican restaurant, the property generates a rental income of $7,100 per month, or $85,200 annually, under a NNN lease with 3 years remaining plus a 5-year renewal option. The lease includes a 3%-4% annual rent growth, with tenants responsible for all water, electricity, and gas expenses. The property is equipped with a central heating and cooling system and a new roof. The annual property tax is $25,600, and a tax reduction may be applicable.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Tepache
Restaurant
Location Insight
- Map
- Local Demand
- City
- Valley Stream
- County
- Nassau
- State
- New York
- Longitude
- -73.6818
- Latitude
- 40.6765
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Commercial building with restaurant, office, and outdoor dining area.
Where is this conventional restaurant located?
The property is located at 47 Franklin Avenue Valley Stream, NY.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Stable cash flow with an existing NNN lease in place, providing worry‑free rent collection.; Attractive 6% rate of return on investment.; Current tenant is a successful, beautifully decorated Mexican restaurant.
