$1,500,000
718-724 N Wellwood AVE North Lindenhurst, NY 11757
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$1,500,000
Est. payment /mo
9,583 Sqft Lot
Pending
718-724 N Wellwood AVE North Lindenhurst, NY 11757
UPDATED:
09/03/2024 01:56 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 3503207
Originating Board onekey
Rental Info No
Year Built 1960
Annual Tax Amount $20,260
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 97x99
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!!!)
Location
State NY
County Suffolk
Zoning Multi-Use
Interior
Fireplace No
Building
Story 1
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • 516-783-5600
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