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    908-912B Hempstead Tpke Franklin Square, NY 11010

    Sponsored
    For Sale
    $2,300,000

    Prime Franklin Square location, high-traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents four commercial lots totaling over 6,000 square feet of storefront space at 908-912B Hempstead Turnpike, Franklin Square, NY 11010. The property includes four separate deeds at closing. A significant feature is the expansive 6,000 square foot finished basement accessible via bilco doors, offering employee locker rooms, a private office, two private restrooms, and substantial storage. The main level storefront space is ideally suited for a variety of uses. One potential configuration includes a restaurant, bar, and party hall with patio seating, accommodating up to 244 patrons. Alternatively, the space could house a fully equipped pizzeria with ample seating and all necessary equipment. The property benefits from street parking and additional parking options on nearby Madison Avenue. Its prime location offers easy access to UBS Arena and the Belmont Park Village Outlet, situated in a thriving community with excellent schools and high foot traffic. This turnkey property presents a remarkable opportunity for a savvy investor seeking a high-return investment in a desirable location. The asking price is $2,300,000.

    Property Features for 908-912B Hempstead Tpke

    General Information

    Property type
    Specialty properties

    HighLights

    • $2,300,000 asking price for a multi‑unit commercial property.
    • Four‑lot, multi‑building commercial property totaling over 6,000 square feet of storefront space at 908‑912B Hempstead Turnpike, Franklin Square, NY 11010.
    • Includes an additional 6,000 square feet of finished basement space with amenities such as locker rooms, offices, and restrooms.
    • Suitable for various uses, including restaurants (with potential for 244 seats), bars, and pizzerias; currently equipped for these uses.
    • Prime location in Franklin Square, NY, near UBS Arena and Belmont Park Village Outlet, with high traffic and ample street parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Square
    County
    Nassau
    State
    New York
    Longitude
    -73.673771393102
    Latitude
    40.7071879375

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    FAQs

    What type of property is this?
    Specialty property - Prime Franklin Square location, high-traffic area.
    Where is this specialty property located?
    The property is located at 908-912B Hempstead Tpke Franklin Square, NY.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: $2,300,000 asking price for a multi-unit commercial property.; Four-lot, multi-building commercial property totaling over 6,000 square feet of storefront space at 908-912B Hempstead Turnpike, Franklin Square, NY 11010.; Includes an additional 6,000 square feet of finished basement space with amenities such as locker rooms, offices, and restrooms.
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    Franklin Square, NY 11010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    908-912B Hempstead Tpke Franklin Square, NY 11010
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