47 Franklin Avenue, Valley Stream, NY 11580

Building Details

Year Built

1948

Listing office Chase Global Realty Corp s***@chasegr.com Show Phone

Listing date Mar 12, 2026

Source Exitrealty

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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.

Suggested Use

Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Grocery & Convenience Store Bar & Pub Skin Care Clinic Hair Salon Hotel & Motel

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

Location Insight

• Map
• Local Demand

City

Valley Stream

County

Nassau

State

New York

Longitude

-73.6818

Latitude

40.6765

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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.