145 N Franklin St.
Hempstead, NY 11550
Explore a top-tier real estate opportunity at 145 N Franklin Street in Hempstead. This distinctive property offers a rare chance for developers and owner-users to thrive in a rapidly evolving market. Spanning two floors, the 55,000-square-foot facility can accommodate premium medical suites, commerce, or corporate offices. Grounded on 1.6 acres, the location ensures effortless navigation and connectivity to regional centers. Additionally, this site carries entitlements for a 244-unit senior living project. This asset is now open for immediate purchase in its "as-is" state, inclusive of all active building entitlements.
Investment Highlights
Market Demand
Strategic Location
Growth Potential
Entitlements In Place
High demand for medical suites, religious organizations, and corporate headquarters in the Hempstead area.
Unmatched regional connectivity situated on prime acreage with flexible zoning entitlements.
Significant appreciation potential through active senior living residential redevelopment.
The project is fully entitled for 244-senior living units. The entitlement process is time consuming, costly and painful. This allows a developer to come in and build quickly.
The Bidding Process
[1]
Phase 1: Due Diligence
Initial verification of property details and financial viability through our secure data room portal.
[2]
Phase 2: Bid Submission
Bids Due: Wednesday, October 28
Submit your competitive offer via the confidential bidding interface, subject to verification.
[3]
Phase 3: Closing
Finalize the acquisition with a secure, legally binding closing ceremony and property transfer. Closing to occur in 2026.