Description

Calling All Investors, Developers & End-Users!!! 3, 800 Sqft. Warehouse + A Free Standing Office On A HUGE 29, 185 Sqft. Lot For Sale!!! The Property Features Great Exposure, Excellent Signage, 2 Bays, 58 Parking Spaces, Strong Industrial 2 Zoning, High 16’ Ceilings, 3 Lots, Office, 1 Br. Apartment, Fenced Lot, Paved Parking Lot, Yard, 3 Phase Power, A/C, All New LED Lighting, +++!!! The Property Is Situated In The Heart Of Bay Shore Half A Block From The Deer Park LIRR Station!!! The Property Was Previously Home To A Successful Auto Repair Shop!!! Neighbors Include FedEx, M & T Bank, The Home Depot, Saks Off 5th, Nike, Tommy Hilfiger, Coach, Kate Spade, Crocs, Dick’s Sporting Goods, American Eagle, Old Navy, Ann Taylor, Puma, Chipotle, Texas Roadhouse, Kohl’s, Polo Ralph Lauren, Adidas, Crocs, Vans, J. Crew, Miller’s Ale House, Regal Cinemas, Saf-T-Swim, Mosquito Joe, Red Lobster, Domino’s, +++!!!!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Development Site / The Next Home For Your Business!!! Income: Office + Paved Parking Lot: $60, 000 Ann. (Available) Warehouse: $48, 000 Ann. (Available) Yard: $84, 000 Ann. (Available) 1 Br. Apartment: $21, 600 Ann. (Available) Pro Forma Gross Income: $213, 600 Ann. Expenses: Insurance: $3, 183 Ann. Taxes: $42, 866.96 Ann. Total Expenses: $46, 049.98 Ann. Net Operating Income (NOI): $167, 550.02 Ann. (Pro Forma 10 Cap!!!)