MLS#L3503207
STATUSPending
PROPERTY TYPECommercial - Business
Property 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!!!)
Property Features
Property Type: Commercial - Business
Lot Size: 0.22 Acres
Stories: 1.0
Taxes: $20,260
Year Built: 1960
Feature Descriptions
Building Area Total: 5200
Days on Site: 789
Lot Dimensions: 97x99
Parcel Number: 0100-154-00-01-00-002-000
Parking Total: 32
Rental Term: Monthly
Units: 4
Listed By / Shown By
Listing By
Agency Name: All Island Estates Realty Corp
Agency Contact: 516-783-5600
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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718-724 N Wellwood Avenue | MLS# L3503207
This commercial property located at 718-724 N Wellwood Avenue, North Lindenhurst, NY 11757 is currently listed for sale with an asking price of $1,500,000. Search North Lindenhurst real estate on www.coldwellbankerchoice.com today.