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465 Franklin Ave, Franklin Square, NY 11010 465 Franklin Ave 7,906 SF 100% Leased Retail Building Franklin Square, NY 11010 $2,500,000 ($316.22/SF)
Investment Highlights
- Heavy Traffic Area
- High Ceilings
- Prime Signage
Executive Summary
This highly trafficked 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. Directly across from major supermarket. The stationary store has a long term lease. 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 $70,448 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
$2,500,000
Price Per SF
$316.22
Percent Leased
100%
Building Height
1 Story
Building FAR
0.49
Lot Size
0.37 AC
Frontage
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 (2025) |
| Land Assessment | $3,923 (2025) | Annual Taxes | $67,375 ($8.52/SF) |
| Improvements Assessment | $6,555 (2025) | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
2089-35-162-00-0186-0
Land Assessment
$3,923 (2025)
Improvements Assessment
$6,555 (2025)
Total Assessment
$10,478 (2025)
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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