Prime corner mixed-use retail and office asset located at the signalized intersection of Fulton Avenue and North Franklin Street in the heart of Downtown Hempstead.
Strong Recent Leasing Momentum
Ownership has demonstrated its ability to successfully lease vacant space. Within the past several weeks:
• Zoni Language Center, one of the property's largest tenants, executed a new 2-year lease extension.
• RIA Money Transfer extended its lease through December 2027.
• The former vacant 224 SF was leased to an Orthopedic Office at $900 per month on a new lease.
Capital Investment by Tenant Health first
One of the property's anchor tenants, Health first, invested over $1.1 million into its space, including the installation of new electrical panels, a new boiler system, and
extensive interior improvements to their space. This significant capital commitment demonstrates the tenant's long-term investment in the property and substantially
reduces future capital expenditure concerns for a new owner.
Major Building Systems Already Updated
The property's roof was completely replaced in 2017, providing investors with condence that one of the building's most signicant capital items has already been
addressed. Combined with the recent electrical and mechanical upgrades, the asset oers a strong physical plant with limited near-term deferred maintenance.
Approximately 19,926 SF consisting of street-level retail and second-floor office suites.
Direct access to municipal parking immediately behind the property.
Elevator-served building with strong visibility from multiple directions.
One of the most recognizable commercial corners in Hempstead.
Direct access to municipal parking immediately behind the property.