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Property Description

Calling All Investors, Developers & End-Users!!! 17,838 Sqft. 4 Unit Industrial Building Only 15 Minutes From JFK Airport For Sale!!! The Property Features Excellent Signage, Great Exposure, High 16’ Ceilings, 2 Roll-Up Drive In Bays, Light Manufacturing (710.24) Zoning, 28 Parking Spaces, Frontage On 3 Streets, Basement With 12’ Ceilings, 3 Phase Power, Side Yard, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Elmont Near The Southern State Pkwy. Just Minutes From The Cross Island Pkwy.!!! The Building Has 339+ Feet Of Wrap-Around Frontage On Busy Meacham Avenue, M Street & N Street!!! Neighbors Include Audi, Starbucks, UPS, Verizon, The Home Depot, Target, Stop & Shop, CubeSmart Self Storage, AutoZone, CVS, T.J. Maxx, Walgreens, Marshalls, McDonald’s, Red Mango, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site/ The Next Home For Your Business!!!

Income:

Service Station Vending Equipment (2,100 Sqft.): $66,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27.

Stroller Company (500 Sqft.): $7,200 Ann.; M-M.

No Limits Party Rental (4,200 Sqft.): $60,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27.

Office (1,100 Sqft.): $34,800 Ann.; 3% Ann. Inc.; Lease Exp.: 4/1/27. Can Be Delivered Vacant If Need Be.

LL (10,000 Sqft., 12’ Ceiling Warehouse): $180,000 Ann. (Available)

Pro Forma Gross Income: $348,000 Ann.

Expenses:

Gas: $2,400 Ann.

Electric: $6,000 Ann.

Maintenance & Repairs: $2,500 Ann.

Insurance: $5,800 Ann.

Snow & Landscape: $0 Ann.

Water: $382 Ann.

Taxes: $72,483.51 Ann.

Total Expenses: $91,365.51 Ann.

Pro Forma Net Operating Income (NOI): $256,634.49 Ann.

Features
Heating System:
Natural Gas
Cooling System:
Central Air
Basement:
Finished, Full
Sewer:
Public Sewer
Utilities:
Natural Gas Connected, Electricity Connected, Sewer Connected
Address Map
City:
Hempstead
State:
NY
County:
Nassau County
Directions:
Meacham Avenue to M Street
Property and Construction
Development Status:
Block
Agent MlsId:
176463
Office MlsId:
CBE01
Special Listing Conditions:
No
Tax Annual Amount:
$72,484
Water Source:
Public
Zoning:
Light Industry
PhotosCount:
33

Commercial Sale For Sale

1325 M Street, Hempstead, NY

14,079 Acre
$4,650,000
Listing ID #835255
Basic Details
Property Type :
Commercial Sale
Property SubType :
Business
Listing ID :
835255
Price :
$4,650,000
Bathrooms Total :
0
Building Area :
17,838 Sqft
Lot Area :
14,079 Acre
Year Built :
1969
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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