Corner Mixed-Use with Immense Upside FOR SALE
Franklin Square, NY |
$7,499,000 USD
516-393-2300
Corner Mixed-Use with Immense Upside
Franklin Square, NY
HIGHLIGHTS
- Fully leased ±44,443 rentable square-foot mixed-use asset on two continuous parcels with a diverse tenancy and strong NOI.
- Located on a signalized intersection, offering unrivaled exposure to over 32,000 daily vehicles on Hempstead Turnpike and 22,000 New Hyde Park Road
- Asset features four office units, 15 retail units, 19 residential units, and off-street parking, providing convenience for tenants and customers.
- In a densely populated area with an annual household income of $118,955, ideal for businesses seeking to capitalize on high disposable incomes.
- Strong demand drivers such as the UBS Arena, Belmont Park racetrack, various country clubs, Adelphi and Hofstra Universities, and more.
- Central Nassau submarket is the fourth-largest on Long Island, which has seen low vacancy rates and growing rental rates for retail and multifamily.
OVERVIEW
At this location is a mixed-use building consisting of 5 office units, 15 retail units, and 19 residential units. This property is located on a signalized intersection and is surrounded by various other neighborhood retail & amenities. There are 10 on-site parking spaces located behind the building.
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516-393-2300
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516-393-2300
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