Remarks

Calling All Investors, Developers & End-Users!!! 10.4 Cap 1,950 Sqft. Free Standing Building With WET Use + Private Parking Lot On Lake Avenue For Sale!!! The Property Is Located In The Heart Of Saint James 2 Blocks From The Saint James LIRR Station!!! The Building Features Excellent Signage, Great Exposure, Central Business Zoning, 25 Parking Spaces, High 10’ Ceilings, Private Driveway & Parking, Sprinklers, Security System, Strategically Placed Curb Cuts, Accessible Parking & Bathrooms, All New LED Lighting, CAC+++!!! The Building Has 54+ Feet Of Frontage On Busy Lake Avenue!!! Neighbors Include Starbucks, USPS, Mercedes, Lexus, Acura, Kia, Toyota, Jeep-Dodge-Ram, Chevrolet, Mazda, Fairfield Properties, Capital One Bank, TD Bank, King Kullen, 7-Eleven, Dunkin’, Whole Foods, Costco, BP Gas, Lowe’s, Trader Joe’s, Macy’s, +++!!! As Per The Seller The Building Has Air Rights Up To 35’!!! The Entire Building Will Be Delivered Vacant!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!



Income:



Storefront (1,950 Sqft.): $78,000 Ann. NNN



Total Gross Income: $78,000 Ann.



Expenses:



Gas: $0 Ann. (NNN Lease)



Electric: $0 Ann. (NNN Lease)



Water: $0 Ann. (NNN Lease)



Maintenance & Repairs: $0 (NNN Lease)



Insurance: $0 (NNN Lease)



Taxes: $14,268 Ann. (Tenant Pays, NNN Lease)



Total Expenses: $0 Ann.



Pro Forma Net Operating Income (NOI): $78,000 Ann. (10.4 Cap!!!)





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Details

MLS#: 840668
Price: $750,000

Style: Business
Sq Ft: 1950
Year Built: 1950

County: Suffolk County
Tax Fee: 13920