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$ 879,000
Est. payment /mo
Active
229-235 S. Franklin ST Hempstead, NY 11550
UPDATED:
01/03/2025 03:59 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY805779
Originating Board onekey2
Rental Info No
Annual Tax Amount $37,660
Property Sub-Type Mixed Use
Property Description
Unique investment opportunity. 1 tax lot, 2 buildings. Structure 1: 2-story Detached, Mixed-Use Retail (Deli)/Residential 3-unit above. Deli leased, expires 2031 w/ 1x5-year renewal. 3% increases, Semi-net. Tenant pays specific repairs, maintenance, utilities, liability insurance. Structure 2: Residential tenants Mo.-Mo. Stabilized Potential Gross Income: $160,00 (with residential TLC). R.E. Taxes: $37,660. Income and expenses (see attachment). Also being offer : 220-228 S. Franklin (see MLS 804752). Investor can purchase either property or both.
Location
State NY
County Nassau County
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Individual Units
Fireplace No
Exterior
Parking Features Driveway
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Total Parking Spaces 2
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Structure Type Brick,Clapboard
Others
Special Listing Condition Standard
Listed by LAFFEY REAL ESTATE