393 S Franklin Street

Hempstead, NY 11550

$2,250,000
Industrial

AGENTS

Neal Sroka
Neal Sroka
  • Licensed Associate Real Estate Broker

Property Description

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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.
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PROPERTY DETAILS

  • Exterior
    .34 Acres
  • Property Type
    Industrial
  • Year Built
    1972
  • MLS/Listing ID
    3285934

LOCATION

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TRAVEL TIMEFROMHempstead
TYPE OF TRANSPORTATION