Commercial Sale in Freeport, Nassau, NY 11520 | Web ID: PH453966 | $825,000

 
Property Description

Calling all investors, developers & end-users!!! 11. 11 cap 4, 200 sqft. Two unit mixed-use building for sale!!! Located on busy sunrise highway the property features great exposure, excellent signage, 6 parking spaces, high 10' ceilings, 3 br apartment, signalized intersection, all new led lighting, 3 phase power, cac, +++!!! The property was renovated in 2022!!! The property is located in the heart of freeport on busy sunrise highway across from the freeport lirr station!!! This portion of sunrise highway has a daily traffic count of 58, 000 + vehicles per day!!! Neighbors include land rover, lexus, bmw, porsche, chevrolet, ups, dunkin', the home depot, staples, 7-eleven, target, goodyear, mavis, sunoco, aamco, t mobile, ihop, walgreens, roslyn savings bank, papa john's, domino's, burger king, +++!!! The entire building can be delivered vacant if need be. This property has huge upside potential!!! This could be your next investment property / home for your business!!! Income: showroom/ retail unit (2, 400 sqft. ): $67, 200 ann. (available) ll (1, 000 sqft. ): $15, 000 ann. (available) 3 br apartment (800 sqft. ): $28, 500 ann. M-m. Gross income: $110, 700 ann. Expenses: gas: $0 ann. Electric: $0 ann. Maintenance & repairs: $250 ann. Water: $360 ann. Insurance: $2, 253 ann. Taxes: $16, 175 ann. Total expenses: $19, 038 ann. Net operating income (noi): $91, 662 ann. (proforma 11. 11 cap!!! ) , or

Property Information
Location/Town Freeport
Area/County Nassau
Prop. Type Commercial Sale
Tax $16,976.00
# Stories 2
Year Built 1928
Total Units 2
Lot Size 25x91
Lot SqFt 2,575
Heat Source Natural Gas
Zoning Store/Bld
Tax Lot 20
Units 2
Listing information courtesy of: All Island Estates Realty Corp
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