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    OFF-MARKET
    Office buildings

    510 Franklin St, Hempstead, NY 11550-7643

    2,153 SF 0.1 ac lot Built 1963
    Individually Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-1975718
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 510 S Franklin St in Hempstead, New York, presents a significant investment opportunity. Priced at $3,500,000, the property offers substantial potential for a variety of industrial uses. While the exact square footage is not currently specified, the building sits on a zero-acre lot, suggesting a compact and efficient layout ideal for businesses needing a strategic Hempstead presence. The property's address in Hempstead positions it within a dynamic commercial area, offering convenient access to major transportation routes and a skilled workforce. This makes it an attractive option for companies seeking a well-situated industrial space. Further details regarding the building's internal specifications, including layout, amenities, and potential for expansion, are available upon request. Given the prime location and competitive price point, this property is expected to generate significant interest. Serious inquiries are encouraged to explore this compelling investment opportunity in the thriving Hempstead market. The absence of specified square footage presents an opportunity for customization and efficient space planning to meet specific business needs. This property is ready for immediate occupancy and offers a unique chance to establish a strong foothold in a desirable commercial area.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1963
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,153 SF
    Lot 0.1 ac (4,480 SF)
    APN 36-007-00-0031
    UPID US63-1975718
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Guerra Law Office Law Firm
    • The Gant Corporation Clothing Store
    • Life of luxury studio Recording Studio
    • Royal Tiara Trading Ltd Corporate Office
    • Synergy Ventures Corporation. Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Naver USA Ltd · 8 yrs held
    Naver USA Ltd
    since 2017
    Last sale
    $350,000
    3 recorded transactions
    2020
    2017
    $318,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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