Corner Retail Building with 6
476-478 S Franklin St Hempstead, NY 11550
476-478 S Franklin St, Hempstead, NY, 11550
Contact for pricing
For Sale
Contact for pricing
Pending
Corner retail building offering 12’ ceilings, CAC, and new LED lighting with six parking spaces.
Days on Market102
Property Features for 476-478 S Franklin St
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
All Island Estates Realty Corporation
Listed by
Matthew Shane · License #NY 10311207810
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 5:09AM Checked: Jul 21 at 5:09AM
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
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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
