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Ground-Floor Retail Space
For Lease
$3,500/Mo

981 Hempstead Turnpike, Franklin Square, NY 11010

Commercial Lease, Franklin Square, NY

Space Size2,600 SF
Days on Market23

Property Features for 981 Hempstead Turnpike

General Information

Property type Commercial Lease
Property subtype Other
Rooms Basement
Parking features Alley
Basement Full
Elementary school district Hempstead
Middle school district Hempstead
High school district Hempstead
Standard status Active

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 5410208

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Cooling system Ductless, Central Air
Water source Public

Amenities

basement storage

Building Details

Floors in Building 2
Number of units 10
Flooring type Laminate, Hardwood
Building materials Block
Listing Agency: NY Best Homes Realty
Listed By: Ruoming Liao
Added: Oct 1 Changed: Oct 23 Last Checked: Oct 23 at 2:06PM
MLS# 1065604

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.

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Investment Insights

Based on property information with market context.

This retail space at 981 Hempstead Turnpike includes approximately 1,300 square feet on the ground floor and another approximately 1,300 square feet in the basement, for about 2,600 square feet overall. Interior finishes include laminate and hardwood flooring, and cooling is provided by central air and ductless systems.

The storefront is situated along Hempstead Turnpike in Franklin Square, with residential neighborhoods and businesses in the surrounding area. Public water and sewer serve the property, natural gas is available, and alley parking is listed.

Key Highlights

  • Approximately 1,300 square feet of ground‑floor retail space
  • Approximately 1,300 square feet of basement area; about 2,600 square feet combined
  • Storefront location at 981 Hempstead Turnpike in Franklin Square

Property Analytics

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Current Use

Karl Ehmer Butcher

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Hotel & Motel Auto Parts Store

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,415
Businesses Nearby
122k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 46% Dining 36% Groceries 16% Electronics 2%
Holiday Farms Supermarket Groceries
19,573 visits/mo 0.4 miles
Wendy's Dining
18,720 visits/mo 0.1 miles
Exxon Shops & Services
14,647 visits/mo 0.2 miles
Taco Bell Dining
12,993 visits/mo 0.0 miles
BP Shops & Services
9,732 visits/mo 0.4 miles

Demographics for 11010, NY

25,013
Population
8,577
Households
2.9
Avg Household Size
44
Median Age
40%
College-Educated
91%
High-School Grad
2.4 sq mi
ZIP Area
10,422
Density / Sq Mi
$140,686
Median Household Income
$58,584
Median Earnings
$2,096
Median Rent
$647,300
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 Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Retail space - A basement level provides additional area for storage or other business needs.
Where is this retail space located?
The property is located at 981 Hempstead Turnpike Franklin Square, NY.
What is the lease rate?
The lease rate is $3,500/Mo.
What are key features of this property?
This property features: Approximately 1,300 square feet of ground‑floor retail space; Approximately 1,300 square feet of basement area; about 2,600 square feet combined; Storefront location at 981 Hempstead Turnpike in Franklin Square
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