968-984 Hempstead TpkeFranklin Square, NY 11010

Property Details for 968-984 Hempstead Tpke

Year built

1947

Property size (Sq ft)

20,277 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a 14-unit shopping center ideally situated at the bustling intersection of Hempstead Turnpike and New Hyde Park Drive in Franklin Square, New York. The property boasts a total of 20,277 square feet of retail space, currently fully occupied, generating a substantial net operating income (NOI) of $416,320 and a compelling 6.40% capitalization rate. Offered at $6,499,999, the price per square foot is $320.56. Built in 1947, the center has undergone recent updates. Ample parking is available, with convenient street parking in front and a large shared lot in the rear. The property's prime location and strong tenant occupancy make it an attractive investment prospect. All figures are approximate and should be independently verified. The property is comprised of fourteen individual retail units. Further details regarding building class, number of floors, and lot size are not currently available. This is a multi-tenant property with a proven track record of success. The property's strong financial performance and desirable location make it a rare find in the competitive Franklin Square market. This is a turnkey investment ready for immediate income generation.

Location Insight

City

Franklin Square

County

Nassau

State

New York

Latitude

40.7075

Longitude

-73.676

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