465 Franklin Ave, Franklin Square, NY 11010 | 465 Franklin Ave
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465 Franklin Ave, Franklin Square, NY 11010 465 Franklin Ave
7,906 SF Vacant Retail Building Franklin Square, NY 11010 $3,000,000 ($379/SF)
Investment Highlights
- Heavy Traffic Area
- High Ceilings
- Prime Signage
Executive Summary
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. There are currently 2 other tenants providing $3,600/month income leaving 6400-7100 square feet for an owner user. 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.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
---|---|---|
Taxes | $67,375 | $8.52 |
Operating Expenses | $7,000 | $0.89 |
Total Expenses | $74,375 | $9.41 |
Financial Summary (Pro forma - 2024)
Taxes | |
---|---|
Annual | $67,375 |
Annual Per SF | $8.52 |
Operating Expenses | |
---|---|
Annual | $7,000 |
Annual Per SF | $0.89 |
Total Expenses | |
---|---|
Annual | $74,375 |
Annual Per SF | $9.41 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,906 SF
Building Class
B
Year Built/Renovated
1962/2023
Price
$3,000,000
Price Per SF
$379
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.49
Lot Size
0.37 AC
Frontage
98 FT on 465 Franklin Avenue
Amenities
- Fenced Lot
- Signage
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (76)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 2089-35-162-00-0186-0 | Total Assessment | $10,478 |
Land Assessment | $3,923 | Annual Taxes | $67,375 ($8.52/SF) |
Improvements Assessment | $6,555 | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
2089-35-162-00-0186-0
Land Assessment
$3,923
Improvements Assessment
$6,555
Total Assessment
$10,478
Annual Taxes
$67,375 ($8.52/SF)
Tax Year
2024 Payable 2025
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465 Franklin Ave, Franklin Square, NY 11010 | 465 Franklin Ave
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