NY > North Lindenhurst
North Lindenhurst, NY 11757,718-724 N Wellwood AVE
North Lindenhurst, NY 11757,718-724 N Wellwood AVE
North Lindenhurst, NY 11757,718-724 N Wellwood AVE
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Arif Baksh

Arif Baksh

+1(914) 494-1549
$1,500,000
Est. payment /mo
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UPDATED:

12/04/2024 10:11 PM

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID KEYL3503207

HOA Y/N No

Originating Board onekey2

Rental Info No

Year Built 1960

Annual Tax Amount $20,260

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 County

Interior

Fireplace No

Exterior

Total Parking Spaces 32

Private Pool No

Building

Story 1

Others

Special Listing Condition None

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Listed by All Island Estates Realty Corp
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The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.

+1(914) 494-1549

arif@asarealestategroup.com

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718-724 N Wellwood AVE