Commercial Sale in Oceanside, Nassau, NY 11572 | Web ID: PH468194 | $1,299,000

 
Property Description

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

Property Information
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
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