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Three-Story Office Building
New
For Sale
$1,700,000

510 S Franklin Street, Hempstead, NY 11550

Commercial Sale, Hempstead, NY

Property SizeContact for details
Lot Size0.14 Acres
Days on Market2

Property Features for 510 S Franklin Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning B
Rooms Basement
Parking features On Street
Basement Storage Space, Full
Elementary school district Hempstead
Middle school district Hempstead
High school district Hempstead
Standard status Active
APN 2013-36-007-00-0031-0
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 34157

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1963
Floors in Building 3
Number of units 7
Building materials Stone
Listing Agency: Island Advantage Realty LLC
Listed By: Romualde Montreuil
Added: Sep 9 Last Checked: Sep 10 at 8:06AM
MLS# 1049059

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 three-story office property at 510 S Franklin Street includes multiple individual spaces and a basement. The building was constructed in 1963 and features stone construction, central air conditioning, forced-air heating, public water, and public sewer. On-street parking is available, and the property is zoned B.

The building is positioned along the South Franklin Street corridor in Hempstead, within Nassau County. The property information identifies access to surrounding residential neighborhoods, commercial districts, and major Long Island roadways. It also indicates rights to build up and build out additional floors, subject to applicable zoning, permits, and municipal approvals.

The multi-space configuration can accommodate office occupancy across separate areas, with the existing layout offering flexibility for a purchaser evaluating the full building or individual spaces.

Key Highlights

  • Three‑story office property with multiple individual spaces
  • 0.1377‑acre site at 510 S Franklin Street, Hempstead, NY 11550
  • 1963 construction with stone exterior

Property Analytics

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Current Use

The Guerra Law Office Law Firm The Gant Corporation Clothing Store Life of luxury studio Recording Studio Royal Tiara Trading ... Corporate Office Synergy Ventures Corporation. Real Estate Agency

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office (Bike/Boat/Book/etc) Store Gym & Fitness Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

843
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Flexible multi-space layout with central air and forced-air heating.
Where is this office building located?
The property is located at 510 S Franklin Street Hempstead, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Three‑story office property with multiple individual spaces; 0.1377‑acre site at 510 S Franklin Street, Hempstead, NY 11550; 1963 construction with stone exterior
More about this property
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