718-724 N Wellwood Avenue, North Lindenhurst, NY

$1,500,000

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5,200

Square feet

About 718-724 N Wellwood Avenue

Calling All Investors, Developers & End-Users!!! 15.11 Cap 5,200 Sqft. 4 Unit Corner Shopping Center/ Development Site For Sale!!! The Property Features Excellent Signage, Great Exposure, High Ceilings, Separate Meters, Private Parking Lot, 32+ Parking Spaces, Strong Zoning, Signalized Intersection, Gated Private Yard, All New LED Lighting, +++!!! The Property Is Located On The Corner Of N. Wellwood Ave. & Straight Path Across The Street From CVS. This Property Has A Daily Traffic Count Of 46,700+ Vehicles Per Day!!! The Building Is Located Next Door To A Large Municipal Parking Lot! Neighbors Include CVS, Applebee's, Outback, Chase, Blink Fitness, BP, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: #722 & 724 Clothing Warehouse Outlets & More (3,200 Sqft.): $102,000 Ann. Lease Exp.: 11/30/27 + 5 Year Option. #720 Acupuncture (1,000 Sqft.): $30,000 Ann. Lease Exp 9/1/2029; 3% Ann. Inc. #718 R. Barany Monuments (1,600 Sqft.): $26,400 Ann. Lease Exp.: 2/28/28. Yard: $24,000 Ann. (Available) Gross Income: $182,400 Ann. Expenses: Gas: $0 Electric: $0 Maintenance: $250 Insurance: $3,230.26 Ann. Taxes: $20,259.52 Ann. Total Expenses: $23,739.78 Ann. Net Income: $158,660.22 Ann. (Pro Forma 15.11 Cap!!!)

Features of 718-724 N Wellwood Avenue

MLS® # L3503207
Price $1,500,000
Bathrooms 0.00
Square Footage 5,200
Square Footage 9603
Acres 0.00
Year Built 1960
Type Commercial Sale
Status Pending

Community Information

Address 718-724 N Wellwood Avenue
City North Lindenhurst
County Suffolk County
State NY
Zip Code 11757

Amenities

Parking Spaces 32
Is Waterfront No
Has Pool No

Interior

Fireplace No
# of Stories 1
Has Basement No

Additional Information

Date Listed September 9th, 2023
Zoning Multi-Use
Short Sale No
RE / Bank Owned No

Listing Details

OfficeAll Island Estates Realty Corp
Contact Info516-783-5600

Listing Map

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