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1155-1157 Hempstead Tpke
Franklin Square, NY 11010
Retail Property For Sale
Investment Highlights
- Great Corner Visibility
- Over 770,000 Residents Live Within A 5 Mile Radius
- Over 31,000 Cars Pass The Site Daily
- Low Per Square Foot Sale Price & Low Per Square Foot Taxes
- Median Household Income Levels Above $127,000 Annually
- NOI DOES NOT INCLUDE ANY MONEY FOR THE VACANCY
Executive Summary
This investment deal presents both an investor and owner / occupant the ability to rent out the prime corner store. The asking rent on the 2,000 square foot corner store is $28.50 per square foot net, which would yield an additional $57,000.00 to the bottom line. It is priced at an unbelievably low $175.00 per square foot, even the real estate taxes are $2.37 per square foot. The roof over the retail stores was ripped up and replaced approximately 4 years ago. The 5 ton HVAC unit over the convenience store was replaced about 3 years ago. In addition, the 3 ton unit over the rear warehouse tenant was replaced last year.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
8,400 SF
Building Class
C
Year Built
1938
Price
$2,118,131 CAD
Price Per SF
$252.16 CAD
Cap Rate
5.76%
NOI
$122,006 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.71
Lot Size
0.27 AC
Zoning
(X) - Business Districts
Frontage
60’ on HEMPSTEAD TURNPIKE
Property Taxes
| Parcel Number | 2089-35-039-00-0001-0 | Improvements Assessment | $4,128 CAD |
| Land Assessment | $3,840 CAD | Total Assessment | $7,968 CAD |
Property Taxes
Parcel Number
2089-35-039-00-0001-0
Land Assessment
$3,840 CAD
Improvements Assessment
$4,128 CAD
Total Assessment
$7,968 CAD
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