Project Description

For Sale: Retail Building in Franklin Square, NY

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: 5.94%
NOI: $86,170
Location:
167-179 Franklin Ave, Franklin Square, NY 11010

Property Highlights

  • Retail Signage
  • Located on The Corner of a Signalized Intersection
  • 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 five unit retail storefront property.

The property is on the corner of a signalized intersection on the busy Franklin Ave. With its retail signage and over 20,000 vehicles passing by the property each day, the property is very visible.

The building consists of 6,619 SF of leasable space and a full size basement.

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
(F) 516.390.5780

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