Project Description

For Sale: Retail Building in Franklin Square, NY
(Under Contract)

167-179 Franklin Ave, Franklin Square, NY 11010

Property Summary:

Price: $1,450,000
Gross Leasable Area (GLA): 6,619 SF
Property Type: Retail/Office
Lot Size: 11,761 SF
Year Built: 1938
Cap Rate: 6.27%
NOI: $90,970
Location:
167-179 Franklin Ave, Franklin Square, NY 11010

Property Highlights

  • Retail Signage
  • Located on The Corner of a Signalized Intersection
  • Tenants Pay For Heat & Other Utilities
  • Traffic Counts: 20,000+ Vehicles Per Day

Property Overview

American Investment Properties is exclusively retained to sell 167-179 Franklin Ave in Franklin Square, New York. At this location you’ll find a 6,619 square feet retail storefront property.

Tenants pay for heat and other utilities. The property is on the corner of a signalized intersection on the busy Franklin Ave. The tenants all have retail signage to increase the property’s visibility from the busy roadway.

Location Overview

Franklin Square is a hamlet (census designated place) located in Nassau County, Long Island, New York.

As of 2010 census, there were 29,320 people, 9,941 households, and 7,569 families. The median income for a household was $84,566, and the median income for a family was $95,541.

Even though Franklin Square lacks a downtown district, it has an abundance of shops, services and eateries that soothes your way of living. The area is boasted for its Italian restaurants and delis.

Franklin Square is a great place to raise kids with many attractions and annual events that provide fun to the entire family. It includes street fairs, festivals and parades hosted by different organizations. Summertime block parties also are popular here.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300 x202
(C) 516-605-9933
(F) 516.390.5780

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