1155-1157 Hempstead Tpke - Retail FOR SALE


Franklin Square, NY 11010
$1,495,000 USD
516-340-9696
1155-1157 Hempstead Tpke, Franklin Square, NY for Sale
$1,495,000 USD
Retail - FOR SALE
1/6
null | 5.76% Cap Rate

1155-1157 Hempstead Tpke
Franklin Square, NY 11010


HIGHLIGHTS

  • Great Corner Visibility
  • Low Per Square Foot Sale Price & Low Per Square Foot Taxes
  • Over 770,000 Residents Live Within A 5 Mile Radius
  • Median Household Income Levels Above $127,000 Annually
  • Over 31,000 Cars Pass The Site Daily
  • NOI DOES NOT INCLUDE ANY MONEY FOR THE VACANCY

OVERVIEW

This investment deal presents both an investor and owner / occupant the ability to rent out the prime corner store. The asking rent on the 2,354 square foot corner store is $28.50 per square foot net, which would yield an additional $67,000.00 to the bottom line. It is priced at an unbelievably low $180.62 per square foot, even the real estate taxes are $2.45 per square foot. The roof over the retail stores was ripped up and replaced approximately 4 years ago. The 5 ton HVAC unit over the convenience store was replaced about 3 years ago. In addition, the 3 ton unit over the rear warehouse tenant was replaced last year.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

5.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

(X)

APN/PARCEL ID

2089-35-039-00-0001-0

ASK ABOUT THIS PROPERTY

Clem CoteSovereign Realty GroupMore Info
516-340-9696

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Clem CoteSovereign Realty GroupMore Info
516-340-9696

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.