968-984 Hempstead Tpke Franklin Square, NY 11010
- Lifestyle centers
- 20,277 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 968-984 Hempstead Tpke
- Year built
- 1947
- Property size
- 20,277 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 14-unit shopping center ideally situated at the bustling intersection of Hempstead Turnpike and New Hyde Park Drive in Franklin Square, New York. The property boasts a total of 20,277 square feet of retail space, currently fully occupied, generating a substantial net operating income (NOI) of $416,320 and a compelling 6.40% capitalization rate. Offered at $6,499,999, the price per square foot is $320.56. Built in 1947, the center has undergone recent updates. Ample parking is available, with convenient street parking in front and a large shared lot in the rear. The property's prime location and strong tenant occupancy make it an attractive investment prospect. All figures are approximate and should be independently verified. The property is comprised of fourteen individual retail units. Further details regarding building class, number of floors, and lot size are not currently available. This is a multi-tenant property with a proven track record of success. The property's strong financial performance and desirable location make it a rare find in the competitive Franklin Square market. This is a turnkey investment ready for immediate income generation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Franklin Square
- County
- Nassau
- State
- New York
- Longitude
- -73.676
- Latitude
- 40.7075
