Calling All Investors, Developers, & End-Users!!! 3 Unit Mixed-Use Building On A Huge 10,500 Sqft. Lot In Middle Village For Sale!!! The Property Features Excellent Signage, Great Exposure, R5/C1-3 Zoning, Huge Rear Yard, High 9' Ceilings, Sprinklers, 15 Parking Spaces, Security Camera System, Separate Meters, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In the Heart Of Middle Village Minutes From The Metro Mall!!! The Property Has 55' Of Frontage On Busy Metropolitan Avenue!!! Neighbors Include TD Bank, Webster Bank, Amazon, BJ's Wholesale Club, Petco, Raymour & Flanigan, Ashley Furniture, Bob's Discount Furniture, 7-Eleven, Dunkin', Dollar Tree, Michaels, Panera Bread, Salvation Army, Dick's Sporting Goods, Regal Cinemas, Wendy's, Arby's, +++!!! The Laundromat Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!! Income:Laundromat: $84,000 Ann.; 3% Ann. Inc.; Lease Exp.: 8/1/36. (1) 10 Year Option.Pharmacy: $48,000 Ann.; 4% Ann. Inc.; Lease Exp.: 8/1/28. (1) 5 Year Option. Recording Studio: $37,800 Ann.; 3% Ann. Inc.; Lease Exp.: 9/1/28. Tax Rebate: $2,250 Ann. Gross Income: $172,050 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Water & Sewer: $0 Ann. Insurance: $4,382 Ann. Taxes: $45,096 Ann. Total Expense: $49,478 Ann. Net Operating Income (NOI): $122,572 Ann.
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)
Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. C.B. Choice Properties, INC. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
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75-11 75-13 Metropolitan Avenue | MLS# 1035307
This commercial property located at 75-11 75-13 Metropolitan Avenue, Middle Village, NY 11378 is currently listed for sale with an asking price of $3,450,000. 75-11 75-13 Metropolitan Avenue is located within the Queens24 school district. Search Middle Village real estate on www.coldwellbankerchoice.com today.