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    393 S Franklin Street

    Hempstead, NY 11550
    • $2,250,000
    • STATUS: Active
    • MLS #: 3285934
    UPDATED: 61 min ago
    $2,250,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1972
    County:

    School Ratings & Info

    Description

    Buyer buys building for $2.25M and acquire 20+ year ongoing wholesale/Retail Dry cleaning business for free. The business alone is valued at $1.2M~$1.5M. Many options for the buyer, e.g., New tenant, in lieu of acquiring an ongoing business for $0 or given a gift of $1M++, would pay a premium rent of $16/sqft AAA Net. Projected Inc: Building 10,000 sqft @16/sqft=$160,000/Yr (9.5% cap). 15ft Ceiling. Spare rear lot for parking for many vehicles.

    Monthly Payment Calculator



    © 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barbara Carter Team | Century 21 Alliance Realty Group. Data last updated: 2021-09-23T16:17:32.883.
    www.barbaracarterteam.com/homes/113999837
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    393 S Franklin Street Hempstead, NY 11550

    • Price: $2,250,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 3285934
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    1972
    Built
    County:
    Nassau
    Property Description
    Buyer buys building for $2.25M and acquire 20+ year ongoing wholesale/Retail Dry cleaning business for free. The business alone is valued at $1.2M~$1.5M. Many options for the buyer, e.g., New tenant, in lieu of acquiring an ongoing business for $0 or given a gift of $1M++, would pay a premium rent of $16/sqft AAA Net. Projected Inc: Building 10,000 sqft @16/sqft=$160,000/Yr (9.5% cap). 15ft Ceiling. Spare rear lot for parking for many vehicles.
    Exterior Features

    Building Size 10000 Lot Size Dimensions 120X117

    Interior Features

    Ceiling Height Y

    Property Features

    Business Type Warehouse Net Operating Income 400000.00 Property Sub Type Warehouse Property Type Commercial Sale Tax Annual Amount 0.00 Tax Block 11 Zoning Description Business 2

    Listing courtesy of Kevin Kim of Douglas Elliman Real Estate.
    © 2021 OneKey MLS. All rights reserved.


    © 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barbara Carter Team | Century 21 Alliance Realty Group. Data last updated: 2021-09-23T16:17:32.883.
     
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    Barbara Carter Team | Century 21 Alliance Realty Group
    652 Route 299, Suite 100
    Highland NY, 12528