Listed by Douglas Elliman Commercial Division
$2,400,000
465 Franklin Avenue Franklin Square NY 11010
Details
Property Type Retail
Sub Type Day Care/Nursery, Storefront
Square Footage 8,000
Net Rentable (SqFt) 8,000
Units 2
Occupancy 100%
Tenancy Multi
Broker Co-Op Yes
Class A
Year Built 1962
Year Renovated 2023
Buildings 1
Stories 1
Acreage 0.360
Parking Spaces 12 spaces
Parking per 1,000 SqFt 1.50
Investment Type Owner/User
Occupancy Date 01/01/2025
Ground Lease No
Ownership Owner Occupied
Own Vs. Lease With this turn key retail building with storage, roll up door, and parking
Marketing description
This highly trafficked mulit-use commercial location has prime frontage while boasting a newly renovated showroom equipped with an 11 foot roll up door with 12 foot ceilings for storage and deliveries. With street parking, a fenced in private lot, and rear storage, it offers many opportunities to the right buyer. This turn key location is ideal for both an end user or investor. Taxes $67,375.74 per year total. Great for lighting, electrical, plumbing, furniture showroom!
Investment highlights
Proposed Gross Rents $248,192
Proposed Taxes and Insurance $75,000
Proposed NOI $173,192
Proposed Cap Rate 5.77%
Listing Contacts
Listed by Douglas Elliman Commercial Division
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