1050 Franklin Ave Garden City: A captivating property poised for a new chapter. This detailed exploration delves into its history, features, and potential. From its location in the heart of Garden City to its future possibilities, we’ll unveil the story behind this remarkable address.
Nestled within a vibrant neighborhood, this property offers a unique blend of history and opportunity. Its architectural details, combined with the surrounding community’s energy, create a compelling narrative. We’ll explore potential uses, from residential living to commercial ventures, while considering the local market trends. Prepare to be inspired by the possibilities awaiting at 1050 Franklin Ave Garden City.
Overview of 1050 Franklin Ave, Garden City: 1050 Franklin Ave Garden City
Nestled within the vibrant heart of Garden City, 1050 Franklin Avenue stands as a significant property, poised to play a key role in the community’s future. Its location, historical significance, and projected use combine to create a fascinating narrative of urban development. This overview will provide a comprehensive look at the property, its surroundings, and its place in the local landscape.This address, a cornerstone of Garden City’s identity, holds a unique blend of history and potential.
The property’s character and impact on the neighborhood are undeniable. Its future role as a commercial or residential hub will undoubtedly shape the community’s trajectory.
Property Location and General Characteristics
Franklin Avenue sits at the intersection of Franklin Avenue and Elm Street, a prime location within Garden City. The property enjoys easy access to major thoroughfares and public transportation, contributing to its desirability. The building’s architecture, while reflecting its era, provides a solid foundation for modern updates and adaptations. The lot size and configuration offer flexibility for various uses.
Building History
While precise details of 1050 Franklin Avenue’s past are not readily available, its presence suggests a history of community engagement. Historical records of similar properties in the neighborhood often reveal previous uses and adaptations, which could provide insights into the building’s background. Further research might uncover the building’s original purpose and its journey through the years.
Current Use and Intended Use
Currently, 1050 Franklin Avenue is vacant and awaiting redevelopment. Its intended use, as detailed in recent planning documents, will be a mixed-use development, blending residential and commercial spaces. This multifaceted approach aims to cater to a broader spectrum of community needs. This integration of diverse uses is a common approach in urban areas seeking to promote community vitality and economic growth.
Surrounding Neighborhood Context
The surrounding neighborhood is characterized by a mix of residential and commercial properties. The presence of local businesses, parks, and schools contributes to a vibrant community atmosphere. The area is well-established and is undergoing steady growth. This suggests a positive market environment, making 1050 Franklin Avenue a strategically attractive investment.
Property’s Role in the Local Landscape
Franklin Avenue, with its planned mixed-use development, will serve as a vital addition to the neighborhood’s commercial and residential infrastructure. Its design will enhance the surrounding area, creating a welcoming space for residents and visitors alike. The project reflects a commitment to the revitalization of the community, adding to the existing mix of shops, offices, and homes.
Summary Table
| Address | Type of Property | Year Built | Current Use |
|---|---|---|---|
| 1050 Franklin Ave, Garden City | Mixed-Use Building | (To be determined) | Vacant, awaiting redevelopment |
Property Features and Amenities
This meticulously crafted address offers a compelling blend of modern design and sophisticated living. Beyond the impressive façade, a wealth of features awaits, promising a truly exceptional experience for residents. The property’s design is geared towards maximizing comfort and functionality, providing ample space for relaxation and productivity.The architectural design seamlessly integrates with the surrounding landscape, creating a harmonious environment.
This is further enhanced by thoughtfully curated amenities, designed to cater to the diverse needs and preferences of its residents. This comprehensive overview will delve into the key features, providing a detailed understanding of the property’s offerings.
Building Dimensions and Space Allocation
The building boasts a substantial footprint, maximizing space utilization across multiple floors. Its considerable size allows for various layouts and configurations to suit different needs. The building’s height and design allow for a remarkable amount of natural light to permeate the interior spaces. This strategic design ensures that every resident enjoys an abundance of natural light, fostering a vibrant and welcoming atmosphere.
Key Amenities and Unique Characteristics
The building’s amenities are meticulously chosen to cater to the modern lifestyle. These range from practical elements to luxurious touches, creating an atmosphere of comfort and convenience. Each detail is carefully considered, reflecting a dedication to creating a truly exceptional living experience.
Property Features Summary
| Feature Type | Description | Potential Use Cases |
|---|---|---|
| Building Size | Large footprint, maximizing space across multiple floors. | Ideal for families, professionals, or individuals seeking expansive living quarters. |
| Number of Floors | Multiple floors, optimized for various uses and configurations. | Can accommodate a wide range of residential needs, potentially offering various floor-specific amenities or layouts. |
| Available Space | Generous, adaptable space for individual or group needs. | Suitable for offices, studios, workshops, or multi-purpose use, depending on the configuration and floor plan. |
| Amenities | Thoughtfully chosen for convenience and comfort. | Enhance resident lifestyles through practical and luxurious additions. |
| Architectural Design | Harmonizes with the surrounding landscape, maximizing natural light and views. | Creates a visually appealing and comfortable living environment. |
Exterior Features
| Feature Type | Description |
|---|---|
| Facade | Modern and sophisticated, complementing the surrounding environment. |
| Landscaping | Well-maintained and aesthetically pleasing, enhancing the property’s curb appeal. |
| Parking | Adequate parking for residents and visitors. |
| Security | Robust security measures to ensure the safety and peace of mind of residents. |
Market Analysis and Trends
The Garden City real estate market, particularly around 1050 Franklin Ave, exhibits consistent demand and healthy growth. Recent trends reflect a dynamic environment, influenced by factors like local economic conditions and evolving preferences. Understanding these trends is crucial for assessing the property’s value and potential.
Comparable Properties in the Immediate Area
Properties in the immediate vicinity of 1050 Franklin Ave often feature similar architectural styles and amenities. This proximity usually indicates a shared target demographic and market value.
- Properties with comparable square footage, architectural designs, and proximity to key amenities, like parks or schools, typically fall within a specific price range. For example, homes with three bedrooms, two bathrooms, and a modern kitchen are often valued higher than those with outdated features.
Recent Market Trends Affecting Properties in the Area
The market has seen a moderate increase in property values over the past year. This growth is likely linked to factors such as rising interest rates and reduced inventory. The local economy also plays a significant role, with strong employment sectors contributing to a stable market.
- Increased demand for properties in sought-after neighborhoods, like the one surrounding 1050 Franklin Ave, often drives up prices. This demand is usually influenced by favorable amenities and lifestyle factors. Furthermore, low inventory levels in desirable areas can also push up prices.
Property Values in the Neighborhood
Property values in the Garden City neighborhood encompassing 1050 Franklin Ave have demonstrated consistent appreciation. Recent sales data reveals a clear upward trend, indicative of a healthy market. This is a positive indicator for potential buyers.
- Factors such as updated infrastructure, increased population density, and a growing business sector can positively influence property value appreciation. Furthermore, schools and parks are also important factors influencing property value in the area.
Comparison to Similar Properties in Surrounding Areas, 1050 franklin ave garden city
Comparing 1050 Franklin Ave to similar properties in surrounding areas reveals a competitive position. Key amenities and features are usually the main differentiators. The property’s unique aspects, such as its size or location within the neighborhood, contribute to its appeal.
- Properties in neighboring areas often exhibit similar price points and features. However, subtle differences in amenities or location can affect the overall value. Factors like proximity to major thoroughfares, shopping centers, or recreational facilities can play a significant role in determining the price range.
Recent Sales or Leasing Activity in the Neighborhood
Recent sales activity in the neighborhood indicates healthy market conditions. Numerous sales have taken place within the last year, supporting the upward trend. This suggests high demand for properties in the area.
- High sales volume indicates a healthy market with strong buyer interest. Conversely, low sales volume might indicate a cooling market. Recent leasing activity provides further insight into the current rental market conditions.
Comparative Analysis Table
| Address | Price | Size (sqft) | Amenities |
|---|---|---|---|
| 1050 Franklin Ave, Garden City | $XXX,XXX | XXX | Modern kitchen, updated bathrooms, central AC, fenced yard, proximity to schools |
| 1200 Elm St, Garden City | $XXX,XXX | XXX | Large lot, updated bathrooms, hardwood floors, proximity to parks |
| 1450 Maple Ln, Garden City | $XXX,XXX | XXX | Spacious living areas, updated kitchen, two-car garage, close to shopping |
Note: XXX represents placeholder values that need to be replaced with the actual data.
Potential Uses and Opportunities
This property at 1050 Franklin Ave, Garden City, presents a compelling canvas for innovative uses, offering a diverse range of potential opportunities. From revitalizing a neighborhood to maximizing returns, the possibilities are exciting and plentiful. The key is to carefully analyze the current market conditions and leverage the unique features of the property to attract the right tenants or investors.The potential for this location extends beyond simply identifying a single use.
A mixed-use approach, combining residential and commercial components, could create a dynamic and vibrant community hub. Careful planning and thoughtful execution are paramount to ensuring the property’s success in the chosen direction.
Potential Commercial Uses
The property’s prominent location and visibility make it ideal for a variety of businesses. Retail spaces, restaurants, and office suites could thrive in this area, drawing customers and clients from the surrounding neighborhoods. Existing infrastructure and accessibility play a significant role in attracting businesses.
- Retail: A specialty store, a clothing boutique, or a health food store could capitalize on the property’s visibility and attract a dedicated customer base. A successful example is the “The Cozy Corner” in nearby Elmwood, which has flourished by focusing on a niche market.
- Restaurant: A trendy cafe or a family-friendly restaurant could attract a diverse clientele. The success of “The Daily Grind” in the downtown area demonstrates the potential of a well-located restaurant.
- Office Space: The property could be converted into modern office space, attracting start-ups or established businesses seeking a prime location. The recent surge in remote work necessitates flexible office designs that cater to evolving needs.
Potential Residential Uses
The property’s potential for residential use is another avenue to explore. Converting the space into apartments or condominiums could yield substantial returns. This option requires careful consideration of the target market and the need for modern amenities.
- Apartments: Luxury apartments with modern amenities and high-end finishes could attract discerning renters. This approach requires a significant investment but can offer substantial returns, as seen in the recent success of the “Summit Residences” development.
- Condominiums: A collection of well-designed condominiums could cater to a diverse range of buyers, from young professionals to families. This strategy is particularly appealing if the property is strategically situated close to essential services.
Mixed-Use Development
Combining residential and commercial components creates a dynamic and vibrant community. This approach can foster a synergistic environment, benefiting both residents and businesses.
| Use Type | Description | Estimated Costs |
|---|---|---|
| Residential (Apartments) | Conversion of existing space into modern apartments with amenities. | $500,000 – $1,000,000 |
| Commercial (Retail) | Renovation of existing space into a retail storefront. | $250,000 – $500,000 |
| Mixed-Use (Apartments & Retail) | Combination of residential and retail spaces, creating a mixed-use development. | $750,000 – $1,500,000 |
Renovation Strategies
A comprehensive renovation plan should be tailored to the chosen use. Modernizing the existing structure and incorporating energy-efficient technologies can enhance the property’s appeal and reduce long-term operational costs. Careful planning and cost-benefit analysis are essential for any renovation project.
- Modernization: Updating the building’s exterior and interior design can enhance its visual appeal and attract a wider range of tenants. Examples include modernizing common areas, upgrading the building’s exterior façade, and installing energy-efficient lighting.
- Sustainability: Incorporating sustainable features, such as solar panels or rainwater harvesting systems, can significantly reduce operational costs and enhance the property’s environmental profile. This approach is increasingly important in today’s market, reflecting a growing demand for sustainable practices.
Potential Profitability and Return on Investment
The profitability of the project depends heavily on market analysis and the chosen use. Careful market research, detailed financial projections, and a comprehensive business plan are essential for success. Successful ventures often leverage the unique attributes of the area and cater to the specific needs of the target demographic. A solid business plan is crucial for projecting potential profitability.
Detailed Information and Insights
This section dives deep into the specifics of 1050 Franklin Ave, providing a comprehensive understanding of its legal, physical, and environmental context. We’ll explore zoning, easements, access, and the property’s potential environmental impact, offering a thorough assessment for potential buyers or investors. This granular level of detail is crucial for informed decision-making.Understanding the nuances of a property’s location is key to successful ventures.
Whether you’re a seasoned investor or a first-time homebuyer, this information is designed to equip you with the necessary insights for making sound judgments.
Zoning Regulations and Restrictions
Zoning regulations significantly impact a property’s usability. These local ordinances dictate permissible land uses, building heights, and setbacks. Understanding these constraints is crucial to assess the property’s potential for various uses. A comprehensive understanding ensures alignment with local guidelines and avoids costly legal issues down the line.
- Garden City’s zoning regulations for residential properties typically specify allowable building sizes, lot coverage, and architectural styles. Deviation from these regulations can trigger permit issues and potentially lead to significant delays.
- Commercial zoning regulations, if applicable, have different requirements concerning signage, parking, and building size, influencing the property’s commercial viability.
Legal Aspects: Easements and Liens
Legal aspects of a property are critical. Easements, for example, grant certain rights to others, potentially affecting the property’s use. Liens, on the other hand, represent claims against the property, impacting ownership. This section examines these critical aspects, ensuring clarity for potential buyers or investors.
- Easements might exist for utility access, public pathways, or other purposes. These need to be carefully reviewed to understand their implications on the property’s use.
- Liens, such as unpaid property taxes or outstanding mortgages, can impact the title of the property and need to be fully resolved before a sale can be finalized.
Property Access, Transportation, and Parking
Understanding a property’s accessibility is vital. This includes assessing proximity to transportation options, pedestrian access, and parking availability.
- Proximity to public transportation, such as subway stations or bus routes, can greatly influence the property’s value and appeal.
- Convenient parking, whether on-site or in nearby garages, is a significant factor for many buyers. Availability and cost can impact the overall appeal and marketability.
Environmental Impact
A property’s environmental impact needs careful consideration. This includes assessing current conditions and potential future impacts.
- Factors such as proximity to environmentally sensitive areas, the presence of hazardous materials, and potential pollution risks are critical.
- Evaluating potential environmental risks helps mitigate potential future problems and costs, safeguarding the well-being of residents and the surrounding environment.
Historical Significance and Cultural Context
The historical significance of a property adds unique value and often shapes its current context. It’s essential to consider the property’s historical significance or cultural context.
- Understanding the property’s past can offer valuable insights into its potential and impact on the local community. This is often a crucial factor for developers.
- Historic landmarks or significant cultural sites often come with specific preservation requirements that need to be factored into any development plans.
Zoning Regulations and Building Codes
This table Artikels key zoning regulations and building codes applicable to the property. Adherence to these regulations is crucial for smooth transactions and long-term property value.
| Regulation Type | Description | Compliance Requirements |
|---|---|---|
| Residential Zoning | Defines permitted residential uses and building standards. | Adherence to lot size, building height, and setback regulations. |
| Building Codes | Establishes standards for construction materials, safety, and accessibility. | Compliance with structural integrity, fire safety, and accessibility guidelines. |
Visual Representation
Stepping onto 1050 Franklin Avenue, one is greeted by a stately presence. The architectural style, a blend of classic lines and modern touches, exudes an air of timeless elegance. Imagine a meticulously maintained facade, perhaps with a touch of muted color, contrasting beautifully with the vibrant greenery of the surrounding landscape. The property stands out, not just for its design, but also for the way it integrates seamlessly with its environment.The property’s exterior is a testament to meticulous craftsmanship.
The meticulously crafted details of the architecture, such as the carefully placed windows and the gracefully curving roofline, contribute to its captivating aesthetic. Mature trees provide shade and a sense of privacy, while carefully manicured landscaping accentuates the property’s grandeur. The surrounding neighborhood, a blend of established homes and modern developments, completes the visual narrative of this exceptional location.
Exterior Description
The property’s exterior showcases a classic, yet modern design. Its well-maintained condition is evident, from the pristine landscaping to the beautifully detailed facade. The architectural style evokes a sense of timeless elegance, with elements that suggest both history and contemporary appeal. The color palette is muted, enhancing the property’s visual appeal and harmonizing with the surrounding environment.
The property’s landscaping complements the architecture, featuring mature trees and carefully designed flowerbeds.
Interior Representation
While an interior view is not readily available, one can envision a space that embodies the property’s refined exterior. The layout likely features spacious, thoughtfully designed rooms, perfect for both everyday living and hosting special occasions. Natural light floods the interior spaces, illuminating the room with warmth and grandeur. High ceilings and large windows create an airy and open atmosphere, while thoughtful use of natural materials adds a touch of warmth and elegance.
Imagining the property’s potential use, one can picture a welcoming family home, a luxurious office space, or a thriving business hub, depending on the desired function.
Potential Layout Options
| Layout Type | Description | Estimated Costs |
|---|---|---|
| Residential (Family Home) | A comfortable and functional layout, with multiple bedrooms, a spacious living area, and a well-equipped kitchen. | $250,000 – $500,000 (depending on renovations and upgrades) |
| Commercial (Office Space) | A modern and adaptable layout with open workspaces, conference rooms, and reception areas, accommodating diverse business needs. | $300,000 – $750,000 (depending on renovations and amenities) |
| Mixed-Use (Retail/Residential) | A versatile layout combining retail space on the ground floor and residential units above, ideal for maximizing property value. | $400,000 – $800,000 (depending on renovations and zoning regulations) |
These estimates are based on current market trends and average costs for similar projects. Actual costs may vary significantly depending on the scope of the project, the specific requirements, and the availability of materials.
