Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Lot Size: | 0.4 Acres |
Financials
Listing Courtesy of All Island Estates Realty Corp
Calling All Investors, Developers amp ; End Users !
- View of asphalt road featuring street lights, sidewalks, and curbs
- View of asphalt road featuring street lights, sidewalks, and curbs
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- 4
- 5
- Map / location with property parcel outlined
- Map / location with property parcel outlined
- Map / location
- Map / location
- Map / location
- 11
- 12
- View of uncovered parking lot
- View of uncovered parking lot
- View of asphalt street with curbs, street lighting, and sidewalks
- View of asphalt street with curbs, street lighting, and sidewalks
- Map / location featuring property parcel outlined
- Map / location featuring property parcel outlined
- Entrance to property featuring stucco siding and a patio
- Entrance to property featuring stucco siding and a patio
- Welcome area with a wainscoted wall, recessed lighting, and wooden walls
- Welcome area with a wainscoted wall, recessed lighting, and wooden walls
- Hall featuring carpet flooring and a drop ceiling
- Aerial view of property's location
- Aerial view of property's location
- Aerial view of property's location
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- 28
- Office area featuring a paneled ceiling and baseboards
- Office area featuring a paneled ceiling and baseboards
- Office area with a drop ceiling and light colored carpet
- Office area with a drop ceiling and light colored carpet
- Map / location with property parcel outlined
- Map / location with property parcel outlined
- Map / location with property parcel outlined
- Carpeted home office featuring a drop ceiling
- Carpeted home office featuring a drop ceiling
- Office area featuring a paneled ceiling, wainscoting, and wooden walls
- Office area featuring a paneled ceiling, wainscoting, and wooden walls
- View of asphalt street featuring street lighting and curbs
- View of road
- Corridor with carpet and a drop ceiling
- Corridor with carpet and a drop ceiling
- Office with a paneled ceiling, light carpet, and a wall unit AC
- Office with a paneled ceiling, light carpet, and a wall unit AC
- Office with carpet floors and a paneled ceiling
- Office with carpet floors and a paneled ceiling
- Office with carpet and a paneled ceiling
- Office with carpet and a paneled ceiling
- Map / location with property parcel outlined
- Map / location with property parcel outlined
- Map / location with property parcel outlined
- Home office featuring carpet flooring and a paneled ceiling
- Home office featuring carpet flooring and a paneled ceiling
- Office area with a paneled ceiling, light carpet, and an AC wall unit
- Office area with a paneled ceiling, light carpet, and an AC wall unit
- Carpeted office featuring a drop ceiling, a wall unit AC, and baseboard heating
- Carpeted office featuring a drop ceiling, a wall unit AC, and baseboard heating
- Office area with a drop ceiling and carpet floors
- Office area with a drop ceiling and carpet floors
- View of asphalt street featuring curbs and sidewalks
- View of asphalt street featuring curbs and sidewalks
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- Office featuring a drop ceiling and light colored carpet
- Office featuring a drop ceiling and light colored carpet
- View of storage room
- View of storage room
- Aerial overview of property's location featuring property boundaries highlighted
- Aerial overview of property's location featuring property boundaries highlighted
- Kitchen featuring appliances with stainless steel finishes, light tile patterned floors, a drop ceiling, dark countertops, and tasteful backsplash
- Kitchen featuring appliances with stainless steel finishes, light tile patterned floors, a drop ceiling, dark countertops, and tasteful backsplash
- Kitchen with dark brown cabinets, light tile patterned floors, appliances with stainless steel finishes, decorative backsplash, and a paneled ceiling
- Kitchen with dark brown cabinets, light tile patterned floors, appliances with stainless steel finishes, decorative backsplash, and a paneled ceiling
- Half bathroom with vanity, dark wood-type flooring, a paneled ceiling, and wainscoting
- Half bathroom with vanity, dark wood-type flooring, a paneled ceiling, and wainscoting
- Bathroom with a decorative wall, light wood-type flooring, vanity, a paneled ceiling, and wainscoting
- Bathroom with a decorative wall, light wood-type flooring, vanity, a paneled ceiling, and wainscoting
- Garage featuring driveway
- Garage featuring driveway
- Garage with a workshop area
- Garage with a workshop area
- View of storage area
- View of storage area
- Garage featuring a workshop area and a garage door opener
- Garage featuring a workshop area and a garage door opener
- Aerial map of property and surrounding area
- Aerial map of property and surrounding area
- Exterior view of a central air condition unit
- Exterior view of a central air condition unit
- Exterior view of stucco siding
- Exterior view of stucco siding
- Exterior view
- View of asphalt street
Description
Calling All Investors, Developers & End-Users!!! 7,700+ Sqft. 4 Unit Free Standing Building On A 18,875 Sqft. Lot For Sale In Island Park!!! The Property Features Excellent Signage, Great Exposure, High 14’ Ceilings, 32 Parking Spaces In A Private Gated Parking Lot, Office Building Zoning, 3 Phase Power, Conference Room, Private Offices, 2 Apartments, Strategically Placed Curb Cuts, Accessible Parking, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Island Park On Busy Austin Blvd. Just Blocks From The Long Beach Bridge!!! The Property Has 205’ Of Frontage On Busy Austin Blvd. + 204’ Of Frontage On Broadway!!! This Section Of Austin Blvd. Has A Daily Traffic Count Of 40,200+ Vehicles Per Day!!! Neighbors Include Costco, Stop & Shop, Public Storage, Costello’s Ace Hardware, King Kullen, Dunkin’, Wendy’s, McDonald’s, Trader Joe’s, +++!!! This Property Offers HUGE UPSIDE Potential!!! This is Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Apt. 1 (1 Br.): $31,200 Ann. M-M.
Apt. 2 (1 Br.): $31,200 Ann. M-M.
4,500 Sqft. Office + 800 Sqft. Warehouse: $120,000 Ann. NNN. Lease Exp.: 6/15/26.
Gross Income: $182,400 Ann.
Expenses:
Gas: $2,000 Ann. (Apartments Only)
Electric: $0 Ann.
Insurance: $3,253 Ann.
Maintenance & Repairs: $250 Ann.
Water: $0 Ann.
Taxes: $38,695.30 Ann.
Total Expenses: $44,198.30 Ann.
Net Operating Income (NOI): $138,201.70 Ann. (7.09% Cap!!!)
Amenities
- Electricity Connected
- Natural Gas Connected
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
