About This Home

This 0-bedroom, 0-bathroom commercial at 510 S Franklin Street in Hempstead, NY is listed for $1,700,000. Built in 1963, on a 0.14 acres lot.

Key Features

  • Built in 1963
  • 0.14 acre lot
  • 3 stories

Property Details

3 stories
1963

Amenities

A/C
Listing Description

Excellent Investment / Owner-User Opportunity in Hempstead, Long Island Presenting an opportunity to acquire a three-story commercial property at 510 S Franklin Street in Hempstead, New York, conveniently situated along the South Franklin Street corridor.

The property offers a flexible layout with multiple individual spaces, providing an attractive opportunity for an investor, business owner, professional practice, or organization seeking a Long Island location with the potential for multiple occupants and income streams.

Investment Potential: Suitable for owner-user or investment consideration Accessibility: Convenient to surrounding residential neighborhoods, commercial districts and major Long Island roadways INVESTMENT OPPORTUNITY The property's multi-space configuration provides flexibility for a purchaser seeking to occupy all or a portion of the building while potentially leasing additional space to other occupants.

The property may appeal to buyers seeking space for professional offices, administrative operations, medical/professional services, educational or community-oriented uses, or other commercial uses, subject to applicable zoning, permits and municipal approvals.

For an investor, the building's layout provides an opportunity to evaluate a multi-tenant leasing strategy and potentially increase income through leasing and property management. Note that the property has rights to build up and build out additional floors onto the building.

Monthly Cost Estimate

$9,092/mo

20% down · 6.5% · 30 years

Principal$1,229
Interest$7,367
Insurance$496

Estimates only. Actual payments may vary.

Location

510 S Franklin Street

Hempstead, NY 11550

Property Details

Construction

Stone

Parking

On Street

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 510 S Franklin Street is listed at $1,700,000. The estimated monthly payment is $9,092 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1963, 0.14 acre lot, 3 stories.

This property is listed by Romualde Montreuil.

RM

Romualde Montreuil

Agent at Island Advantage Realty, LLC

Listed by Island Advantage Realty, LLC · Broker phone: (631) 820-3400 · Broker website

MLS# 1049059· Source: OneKey MLS· 53 days on PropertySimple

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

510 S Franklin Street, Hempstead, NY 11550

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