Andrea Mahoney - Smitchger Realty Logo
$1,700,000
( $283.33Per Sq Foot )
 $9,126 est/mo Sourced by Back At You

510 S Franklin Street,Hempstead, NY 11550

Hempstead, NY 11550

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Description

Excellent Investment / Owner-User Opportunity in Hempstead, Long Island Presenting 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 consideration Accessibility: Convenient to surrounding residential neighborhoods, commercial districts and major Long Island roadways INVESTMENT 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.

Details

MLS #1049059
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year1963
Days On Site65
Listing Provided ByIsland Advantage Realty LLC | Romualde Montreuil

Features

SQ Feet6,000
BasementY
Story(s)3
Units7
ZoningB
Acreage0.14

Interior

CoolingCentral Air
HeatingForced Air

Exterior

Construction MaterialsStone

Parking

Parking FeaturesOn Street

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Trash Collection Public, Water Connected
SewerPublic Sewer

Taxes

Tax Year2026
Tax Annual Amount34157
Tax Lot31

Area Information

StateNY
CountyNassau County
CityHempstead
Zip Code11550
Listing VS Median (in 11550)
Price:
$1,700,000
low | high
Med:
$649,888
100% of Average
sqft:
6,000
low | high
Med:
1,109
100% of Average
$ / sqft:
$283
low | high
Med:
$586
56.827984936084% of Average
On site:
65
low | high
Med:
107
60.747663551402% of Average
Sourced by Back At You

Market Activity 11550

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Contact

Learn More About This Property

Andrea Mahoney

Andrea Mahoney

Smitchger Realty

 (845) 554-4792andreamahoney920@gmail.com
StateNY
CountyNassau County
CityHempstead
Zip Code11550
Listing VS Median (in 11550)
Price:
$1,700,000
low | high
Med:
$649,888
100% of Average
sqft:
6,000
low | high
Med:
1,109
100% of Average
$ / sqft:
$283
low | high
Med:
$586
56.827984936084% of Average
On site:
65
low | high
Med:
107
60.747663551402% of Average
Sourced by Back At You
Listing Updated: October 2, 2026 at 8:54:48 PM PDT

Andrea Mahoney - Smitchger Realty