Calling all investors, developers & end-users!!! 100% occupied retail center on a huge 12, 654 sqft. Corner lot for sale!!! The property features great exposure, excellent signage, 22 parking spaces, strong zoning, high 12' ceilings, restaurant, all new led lighting, cac, +++!!! The property is located in the hear of oceanside on busy atlantic avenue!!! Neighbors include starbucks, chase bank, fedex, roslyn savings bank, nike, 7-eleven, dunkin', mcdonald's, kohl's, t. J. Maxx, ihop, petco, party city, taco bell, sherwin-williams, new york sports club, chipotle, nathan's famous, advance auto parts, trader joe's, five below, burger king, dollar tree, +++!!! This property has huge upside potential!!! This could be your next investment property, development site or home for your business!!! Income: cold cut city (2, 000 sqft. ; no basement): $80, 400 ann. ; 3. 5% ann. Inc. Lease exp. : 2030. Pays 2/3 of taxes over $22, 000. Plant daddy kitchen (1, 000 sqft. ): $34, 800 ann. ; 3% ann. Inc. Lease exp. : 2027. Pays 1/3 of taxes over $22, 000. Lease tax rebate: $2, 568 ann. Gross income: $117, 768 ann. Expenses: gas: $0 ann. Electric: $0 ann. Maintenance & repairs: $250 ann. Water: $0 ann. Snow & landscape: $0 ann. Garbage: $0 ann. Insurance: $2, 860 ann. Taxes: $24, 568 ann. Total expenses: $27, 678 ann. Net operating income (noi): $90, 090 ann
Location/Town | Oceanside |
Area/County | Nassau |
Prop. Type | Commercial Sale |
Tax | $24,568.00 |
# Stories | 1 |
Year Built | 1983 |
Total Units | 3 |
Lot Size | 119x124 |
Lot SqFt | 12,654 |
Zoning | MultiUse |
Tax Lot | 245 |
Units | 3 |
Listing information courtesy of: All Island Estates Realty Corp |