393 S Franklin Street

Hempstead, NY 11550

For Sale $2,250,000

Listed 528 days ago for
  • Commercial Sale, Warehouse
  • Built: 1972
  • Lot Size: 0.34 Acres
  • Heating: Natural Gas
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.
MLSID
3285934

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Location


Franklin

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Data was last updated 2021-02-09 11:35:34