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Laffey Real Estate Logo Pending Commercial Sale Mixed-use

229-235 South Franklin Street, Hempstead, New York, 11550, USA

USD $879,000
Reference ID:805779 Web ID:372c9
  • 1 tax lot with 2 buildings

  • Structure 1: 2-story mixed-use retail

  • Three residential units above retail deli

  • Deli lease expires 2031, 3% increases

  • Structure 2: month-to-month residential tenants

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.
  • Transaction Type:Commercial Sale
  • Property Type:Mixed-use
  • Status:Pending
  • Area:4,428 sf
  • Cooling:Multi Units
  • Parking:Driveway
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Businesses Nearby

South Franklin St Mini Market (The Old Brother’s)

(0.5 miles away)

Santana Restaurant

(0.5 miles away)

LI finiest soul Restaurant

(0.4 miles away)

CTown Supermarkets

(0.4 miles away)

Hempstead Food Service

(0.5 miles away)

El Sabor De El Chef

(0.6 miles away)

Pollos Mario Steak House & Seafood

(0.8 miles away)

Tres Sabores

(0.8 miles away)

El Sabor del Chef II

(0.8 miles away)

Wings 'n' Things

(1 mile away)
Public Transportation

Hempstead Bus Station

(0.9 miles away)

Greyhound: Bus Station

(0.9 miles away)

Hempstead Transit Center

(0.9 miles away)

Nice (Hempstead Bus Station)

(0.9 miles away)

Locust St / Hempstead

(0.9 miles away)

Hempstead

(1 mile away)

West Hempstead

(1 mile away)

Hempstead Gardens

(1 mile away)

Franklin Av / Hempstead

(3 miles away)

Hempstead Tpke/Franklin Av

(3 miles away)
Airports

Ace Airport Services

(0.5 miles away)

John F. Kennedy International Airport

(9 miles away)

LaGuardia Airport

(14 miles away)

Westchester County Airport

(26 miles away)

Long Island MacArthur Airport

(28 miles away)
Contact Laffey Real Estate
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Property Highlights

  • 1 tax lot with 2 buildings

  • Structure 1: 2-story mixed-use retail

  • Three residential units above retail deli

  • Deli lease expires 2031, 3% increases

  • Structure 2: month-to-month residential tenants