North Baldwin, NY 11510,1870-1872 Grand AVE
North Baldwin, NY 11510,1870-1872 Grand AVE
North Baldwin, NY 11510,1870-1872 Grand AVE
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$750,000
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Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

MLS Listing ID 889560

Rental Info No

Year Built 1954

Annual Tax Amount $19,984

Property Sub-Type Business

Source onekey2

Property Description

Calling All Investors, Developers & End-Users!!! 6.65% Cap 4,300+ Sqft. 2 Unit Retail Building With Private Parking Lot On Grand Avenue For Sale!!! The Property Is Located In The Heart Of Baldwin Just A Few Blocks From Sunrise Hwy. & The Baldwin LIRR Station!!! The Property Features Excellent Signage, Great Exposure, Multiple Use (482.24) Zoning, 86 Parking Spaces, High 14' Ceilings, Full Basement, Private Driveway & Parking, Sprinklers, Strategically Placed Curb Cut, All New LED Lighting, CAC+++!!! The Building Has 30' Of Frontage On Busy Grand Avenue!!! Neighbors Include Starbucks, BMW, Mercedes-Benz, Capital One Bank, FourLeaf Federal Credit Union, The Home Depot, Best Buy, Petco, CVS, Walgreens, Dunkin', Wendy's, Jiffy Lube, Dollar Tree, +++!!! The Entire Building 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:



Martial Arts Studio (4,320 Sqft.): $73,740 Ann.; Lease Exp.: 8/31/25.



Total Gross Income: $73,740 Ann.



Expenses:



Gas: $0 Ann.



Electric: $0 Ann.



Water: $0 Ann.



Maintenance & Repairs: $250 Ann.



Insurance: $3,620 Ann.



Taxes: $19,984.58 Ann.



Total Expenses: $23,854.58 Ann.



Pro Forma Net Operating Income (NOI): $49,885.42 Ann. (6.65% Cap!!!)

Location

State NY

County Nassau County

Rooms

Basement Common

Interior

Heating Natural Gas

Cooling Central Air

Fireplace No

Exterior

Utilities Available Natural Gas Available

Total Parking Spaces 86

Building

Story 1

Sewer Public Sewer

Water Public

Structure Type Block,Frame

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.

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1870-1872 Grand AVE