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171 S Franklin Street, Hempstead, NY 11550

$925,000

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BEDS0 BATHS MLS#911557

STATUSActive PROPERTY TYPECommercial -

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Property Description

This income-generating commercial property features a double storefront on the ground floor, currently occupied by a grocery and deli, with two apartments above-a two-bedroom and a three-bedroom. The building boasts a new roof with warranty, upgraded 200-amp electric, and new column supports in the basement. Situated on a corner across from new developments, with more projects underway and a new charter school just a block away, it's in a vibrant area close to buses, schools, and the train, attracting long-term tenants. Current rents are $3,952 for the deli/grocery, $2,060 for the two-bedroom, and $2,700 for the three-bedroom, with room for increases. The basement and backyard offer additional income potential. At an asking price of $975,000, this property delivers a 7.5% cap rate with upside. Priced to sell-don't miss out!

171 S Franklin Street | MLS# 911557

This commercial property located at 171 S Franklin Street, Hempstead, NY 11550 is currently listed for sale with an asking price of $925,000. Search Hempstead real estate on www.laffey.com today.

Property Features

Property Type: Commercial -

Basement: Full

Basement: Yes

Cooling: Multi Units, Separate Meters

Heating: Natural Gas

Lot Size: 0.07 Acres

Taxes: $28,860

Year Built: 1926

Feature Descriptions

Building Area Total: 4200

Days on Site: 263

Exterior: Cedar

On Market Date: 2025-09-11

Parcel Number: 2013-34-377-00-0387-0

Rental Term: Monthly

Sewer: Public Sewer

Units: 3

Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected

Water: Public

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55 Northern Blvd
Greenvale, NY 11548

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171 S Franklin Street, Hempstead, NY 11550

Property Description

171 S Franklin Street | MLS# 911557

Property Features

Feature Descriptions

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171 S Franklin Street, Hempstead, NY 11550

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