Nest Seekers

Calling All Investors, Developers amp ; End Users !

Hempstead, NY 11710

Listing

Web ID:5174231
Website:https://www.nestseekers.com/5174231

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.1 Acres

Financials

Price:$2,350,000
Annual Taxes:$53,545.35

Description

Calling All Investors, Developers & End-Users!!! 5 Unit 9,000 Sqft. Retail Building In Bellmore For Sale!!! The Building Features Excellent Signage, Great Exposure, 481.4 Zoning, 68 Parking Spaces, High 9’ Ceilings, 2 Lots, Strategically Placed Curb Cut, Multiple Offices, Restaurant/Bar, Basement, Rear Yard, All New LED Lighting, 400 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Bellmore On Pettit Ave. At The Bellmore LIRR Station & 1 Block Off Sunrise Highway!!! The Property Is Situated In Between Large Municipal Parking Lots!!! Neighbors Include Starbucks, Harley-Davidson, Jeep-Dodge-Ram, Toyota, Ford, Mazda, Verizon, P.C. Richard & Son, Stop & Shop, PetSmart, 7-Eleven, Dunkin’, CVS, Panera Bread, Crunch Fitness, Applebee’s Bar & Grill, Mavis Discount Tire, Costello’s Ace Hardware, HomeGoods, Aboff’s Paints, Trader Joe’s, McDonald’s, Valero, +++!!! The Building Has A Cabaret License & Was Previously Home To A Successful Bar/Live Music Venue!!! The Entire Building Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Home For Your Business!!! Income: Law Office (1,250 Sqft.): $48,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/17/28. Office 2 (500 Sqft.): $24,000 Ann. (Available) Office 3 (500 Sqft.): $24,000 Ann. (Available) Office 4 (500 Sqft.): $24,000 Ann. (Available) Restaurant/Bar (3,000 Sqft. + 3,000 Sqft. LL + Rear Yard): $132,000 Ann. Pro Forma Gross Income: $252,000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $5,380 Ann. Taxes: $53,545.35 Ann. Total Expenses: $59,175.35 Ann. Pro Forma Net Operating Income (NOI): $192,824.65 Ann. (7.28% Cap!!!)

Amenities

  • Cable - Available
  • Electricity Available
  • Natural Gas Connected
  • Sewer Connected
  • View of commercial property
  • Aerial map of property and surrounding area with property parcel outlined
  • Aerial overview of property's location
  • Home office with a paneled ceiling
  • Dining area featuring wood finished floors and brick wall
  • Home office with brick wall and a paneled ceiling
  • Aerial view of property's location
  • Office area with a paneled ceiling
  • Office with a drop ceiling
  • Hallway featuring carpet floors and a paneled ceiling
  • Office space featuring a drop ceiling
  • Aerial view of property's location
  • Kitchen featuring black appliances, cream cabinets, light wood-style flooring, light stone counters, and a paneled ceiling
  • Half bathroom with wainscoting and vanity
  • Half bath with wainscoting, vanity, and an ornate ceiling
  • Aerial overview of property's location with property parcel outlined
  • View of asphalt road featuring street lighting, curbs, and sidewalks
  • View of balcony
  • View of staircase
  • Aerial overview of property's location
  • View of below grade area
  • Community lobby with brick wall
  • View of patio
  • View of asphalt road with street lights, curbs, and sidewalks
  • View of dining room
  • Kitchen featuring high end stainless steel range
  • Aerial map of property and surrounding area with property parcel outlined
  • View of kitchen
  • View of storage
  • View of horse barn
  • View of unfinished basement
  • Unfinished basement featuring heating fuel
  • Unfinished below grade area with electric panel
  • Aerial overview of property's location
  • View of kitchen

Contact

6243 Northern Blvd
Phone:
Listing Courtesy of All Island Estates Realty Corp