908-912B Hempstead Tpke, Franklin Square, NY 11010
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.