281 S. Franklin Street, Hempstead, NY 11550

Nassau County, Hempstead, New York 11550-6832

$1,950,000  

Listing ID Number

25342

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of 281 S. Franklin Street in Hempstead, Long Island. It consists of five retail stores on a 1+ acre lot with one retail unit being rented to a grocery store at $37,705 annually until 2030.

281 S. Franklin Street is approximately 12,334 square feet on an approximate 46,174 square foot lot at a four-way signalized corner. Building contains one occupied unit along with four contiguous vacant retail units totaling 10,334 square feet. Property also has a large vacant lot which can accommodate 60+ parking spots.

It is located about a mile from the Hempstead and Country Life Press LIRR train stations. The Southern State Parkway and Meadowbrook State Parkway is also in proximity to the property offering convenient access to Long Island and New York City. The Roosevelt Field Shopping Mall, The Gallery at Westbury Plaza, The Mall at the Source, among other national brand retailers are within 2 miles of the property. Other points of interest include Nassau Community College and Hofstra University.

All property inspections are by appointment only, please inquire within.

Overview

Building Type:Commercial Buildings, Development/Conversion Sites
Location:Village of Hempstead, Nassau County
Lot Dimensions:174' x 350'
approx.
Lot Sq Ft:46,174
approx.
Buildable Sq. Ft:to be verified with Village of Hempstead
Commercial Units:5
Zoning:Business - B
Building Sq Ft:12,334
approx.

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen R. Preuss
Senior Managing Director
(718) 512 2118
stephen.preuss@cushwake.com

Benjamin Efraimov
Director
(718) 512 2608
benjamin.efraimov@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.