$1,500,000 $8,052 est/mo Sourced by Back At You

718-724 N Wellwood Avenue,North Lindenhurst, NY 11757

North Lindenhurst NY, 11757

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Description

Calling All Investors, Developers & End-Users!!! 15.11 Cap 5,200 Sqft. 4 Unit Corner Shopping Center/ Development Site For Sale!!! The Property Features Excellent Signage, Great Exposure, High Ceilings, Separate Meters, Private Parking Lot, 32+ Parking Spaces, Strong Zoning, Signalized Intersection, Gated Private Yard, All New LED Lighting, +++!!! The Property Is Located On The Corner Of N. Wellwood Ave. & Straight Path Across The Street From CVS. This Property Has A Daily Traffic Count Of 46,700+ Vehicles Per Day!!! The Building Is Located Next Door To A Large Municipal Parking Lot! Neighbors Include CVS, Applebee's, Outback, Chase, Blink Fitness, BP, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: #722 & 724 Clothing Warehouse Outlets & More (3,200 Sqft.): $102,000 Ann. Lease Exp.: 11/30/27 + 5 Year Option. #720 Acupuncture (1,000 Sqft.): $30,000 Ann. Lease Exp 9/1/2029; 3% Ann. Inc. #718 R. Barany Monuments (1,600 Sqft.): $26,400 Ann. Lease Exp.: 2/28/28. Yard: $24,000 Ann. (Available) Gross Income: $182,400 Ann. Expenses: Gas: $0 Electric: $0 Maintenance: $250 Insurance: $3,230.26 Ann. Taxes: $20,259.52 Ann. Total Expenses: $23,739.78 Ann. Net Income: $158,660.22 Ann. (Pro Forma 15.11 Cap!!!)

Details

MLS#3503207
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusPending
Year1960
Days On Site277
Listing Provided ByAll Island Estates Realty Corp | Richard Matt Shane

Features

Story(s)1
Units4
ZoningMulti-Use
Acreage0.22

Market Activity 11757

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the OneKey MLS.

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Learn More About This Property

StateNY
CountySuffolk
CityNorth Lindenhurst
Zip Code11757
Subarea21
Listing VS Median (in 11757)
Price:
$1,500,000
low | high
Med:
$559,500
100% of Average
On Site:
277
low | high
Med:
49.500000
100% of Average
Sourced by Back At You
Listing Updated: June 12, 2024 at 2:58:54 AM PDT