718-724 N Wellwood Avenue,North Lindenhurst, NY 11757
North Lindenhurst, NY 11757
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 # | L3503207 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1960 |
| Days On Site | 1079 |
| Listing Provided By | All Island Estates Realty Corp | Richard Matt Shane |
Features
| SQ Feet | 5,200 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Zoning | Multi-Use |
| Acreage | 0.22 |
Taxes
| Tax Annual Amount | 20260 |
|---|---|
| Tax Lot | 4 |
Area Information
| State | NY |
|---|---|
| County | Suffolk County |
| City | North Lindenhurst |
| Zip Code | 11757 |
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Learn More About This Property
| State | NY |
|---|---|
| County | Suffolk County |
| City | North Lindenhurst |
| Zip Code | 11757 |