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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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Stop & Shop
Chase Bank
Starbucks
Philly Pretzel Factory
Citi
Lidl
HSBC
Tim Hortons
Webster Bank
Td Bank

PROPERTY TAXES

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
  • Listing ID: 34021825

  • Date on Market: 11/27/2024

  • Last Updated:

  • Address: 465 Franklin Ave, Franklin Square, NY 11010

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