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Property Description

Calling All Investors, Developers & End-Users!!! 7 Unit 9,400+ Sqft. Retail Building On A 10,850 Sqft. Lot In Lynbrook For Sale!!! The Building Features Excellent Signage, Great Exposure, Strong Zoning, 146 Parking Spaces, High 10′ Ceilings, All New LED Lighting, Skylight, 200 Amp Power, CAC+++!!! The Property Is Located In The Heart Of Lynbrook Centre On Busy Atlantic Ave. Just 1 Block From The Lynbrook LIRR Station!!! The Property Is Situated Midway Between Sunrise Highway & Merrick Road!!! Neighbors Include Starbucks, Audi, Acura, Volkswagen, Northwell Health, Bethpage Federal Credit Union, Dunkin’, McDonald’s, Enterprise Rent-A-Car, Stand-Up MRI, Karako Suits, Cold Stone Creamery, Regal Cinemas, White Castle, IHOP, KFC, +++!!! This Property Has A Daily Traffic Count Of 4,900+ Vehicles Per Day!!! The Deli Can Be Delivered Vacant If Need Be To Accommodate An Owner-User!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property Or Home For Your Business!!! Income: Deli (3,000 Sqft.): $67,980 Ann.; 3% Ann. Inc.; Lease Exp.: 2026. Nail Salon (2,000 Sqft.): $44,496 Ann.; 3% Ann. Inc. Lease Exp.: 2026. Cooking School/Catering Facility (2,000 Sqft.): $32,136 Ann.; 3% Ann. Inc.; Lease Exp.: 2025. 2nd Floor: Suite 200 (1,500 Sqft.): $36,000 Ann.; M-M. Suite 201 (500 Sqft.): $12,000 Ann.; M-M. Suite 202 (Guidance Counselor, 600 Sqft.): $14,400 Ann.; M-M. Suite 203 (600 Sqft.): $14,400 Ann.; M-M. Expenses: Gas: $6,000 Ann. (Heat For The 2nd Floor) Electric: $6,000 Ann. Maintenance & Repairs: $5,500 Ann. Insurance: $12,000 Ann. Water: $1,000 Ann. (Tenants Pay Their Own Except Common Bathroom On 2nd Floor) Snow & Landscape: $600 Ann. Taxes: $69,789 Ann. Total Expenses: $100,289 Ann. Gross Income: $221,412 Ann.

Address Map
City:
Hempstead
State:
NY
County:
Nassau County
Directions:
Merrick Road to Atlantic Ave.
Property and Construction
Agent MlsId:
176463
Office MlsId:
CBE01
Number Of Units:
7
Stories Total:
2
Tax Annual Amount:
$69,790
Zoning:
Retail
PhotosCount:
34

Commercial Sale For Sale

32-38 Atlantic Avenue, Hempstead, NY

9,431 Sqft
$2,200,000
Listing ID #L3580925
Basic Details
Property Type :
Commercial Sale
Property SubType :
Retail
Listing ID :
L3580925
Price :
$2,200,000
Square Footage :
9,431 Sqft
Building Area :
9,431 Sqft
Lot Area :
10,850 Acre
Year Built :
1956
Status :
Active
Status :
Active
Listing Office :
All Island Estates Realty Corp
Listing Agent :
Richard Matt Shane
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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