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MLS ID KEY1049059Last updated Oct 2, 2026

Multi Family

510 Franklin Street

Active · Hempstead · Nassau County, NY 11550

Asking price$1,700,000Request a Showing
Year built
1963
Est. monthly taxes
$2,846.42
Property gallery0 / 25
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About this home

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.

Listing snapshot

Days on site
48 days
Listed on MLS
Sep 9, 2026
Annual property tax (MLS)
$34,157
Tax year
2026
Listing brokerage
Island Advantage Realty LLC
MLS ID
KEY1049059
Last updated
Oct 2, 2026

General features

Property type
Multi Family
Year built
1963
Parking
On Street
Water source
Public
Sewer
Public Sewer
Utilities
Electricity Connected, Natural Gas Connected, Trash Collection Public, Water Connected

Interior features

Basement
Full, Storage Space
Heating
Forced Air
Cooling
Central Air

Exterior features

Construction materials
Stone

Schools (MLS)

Elementary school district
Hempstead
Middle school district
Hempstead
High school district
Hempstead

School information is provided by the MLS. Confirm attendance eligibility with the school district.

Recent activity

  1. Listing updated from MLS
  2. First seen on this site
  3. MLS status changed

Location

Hempstead · Nassau County, NY 11550Show interactive map
510 Franklin Street

Hempstead · Nassau County, NY 11550

Google Maps directions

Listing data is supplied by the MLS and may change without notice.