MLS#1049059
STATUSActive
PROPERTY TYPECommercial -
SCHOOLHempstead
Property Description
Excellent Investment / Owner-User Opportunity in Hempstead, Long IslandPresenting an opportunity to acquire a three-story commercial property at 510 S Franklin Street in Hempstead, New York, conveniently situated along the South Franklin Street corridor.The property offers a flexible layout with multiple individual spaces, providing an attractive opportunity for an investor, business owner, professional practice, or organization seeking a Long Island location with the potential for multiple occupants and income streams.Investment Potential: Suitable for owner-user or investment considerationAccessibility: Convenient to surrounding residential neighborhoods, commercial districts and major Long Island roadwaysINVESTMENT OPPORTUNITYThe property's multi-space configuration provides flexibility for a purchaser seeking to occupy all or a portion of the building while potentially leasing additional space to other occupants.The property may appeal to buyers seeking space for professional offices, administrative operations, medical/professional services, educational or community-oriented uses, or other commercial uses, subject to applicable zoning, permits and municipal approvals.For an investor, the building's layout provides an opportunity to evaluate a multi-tenant leasing strategy and potentially increase income through leasing and property management.Note that the property has rights to build up and build out additional floors onto the building.
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Full, Storage Space
Cooling: Central Air
Heating: Forced Air
Lot Size: 0.14 Acres
Stories: 3.0
Taxes: $34,157
Year Built: 1963
Feature Descriptions
Building Area Total: 6000
Days on Site: 37
Exterior: Stone
On Market Date: 2026-09-09
Parcel Number: 2013-36-007-00-0031-0
Parking Features: On Street
Rental Term: Monthly
Sewer: Public Sewer
Units: 7
Utilities: Electricity Connected, Natural Gas Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
School District: Hempstead
Listed By / Shown By
Listing By
Agency Name: Island Advantage Realty LLC
Agency Contact: 631-351-6000
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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510 S Franklin Street | MLS# 1049059
This commercial property located at 510 S Franklin Street, Hempstead, NY 11550 is currently listed for sale with an asking price of $1,700,000. S Franklin Street is located within the Hempstead school district. Search Hempstead real estate on www.coldwellbankerchoice.com today.