COMMERCIAL
Address: ‎171 S Franklin Street
Zip Code: 11550
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$925,000
MLS # 911557
English
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Keller Williams Realty Greater Office: ‍516-873-7100

$925,000 - 171 S Franklin Street, Hempstead, NY 11550|MLS # 911557

MLS #‎ 911557
Construction Year1926
Taxes
(per year)
$28,860
Fuel TypeGas
BasementFull basement
LIRR0.9 miles: "Hempstead"
0.9 miles: "West Hempstead"
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房屋英文概況 English Description

This income-generating commercial property features a double storefront on the ground floor, currently occupied by a grocery and deli, with two apartments above—a two-bedroom and a three-bedroom. The building boasts a new roof with warranty, upgraded 200-amp electric, and new column supports in the basement. Situated on a corner across from new developments, with more projects underway and a new charter school just a block away, it’s in a vibrant area close to buses, schools, and the train, attracting long-term tenants. Current rents are $3,952 for the deli/grocery, $2,060 for the two-bedroom, and $2,700 for the three-bedroom, with room for increases. The basement and backyard offer additional income potential. At an asking price of $975,000, this property delivers a 7.5% cap rate with upside. Priced to sell—don’t miss out!

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 Keller Williams Realty Greater. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Courtesy of Keller Williams Realty Greater

公司: ‍516-873-7100




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$925,000
COMMERCIAL
MLS # 911557
‎171 S Franklin Street
Hempstead, NY 11550


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