Pending
718-724 N Wellwood Avenue
North Lindenhurst NY, 11757
$1,500,000
$288.46 per sqft
Pending
5,200 sqft
Commercial
Built in 1960
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!!!)
L3503207
MLSⓇ ID
September 9, 2023
Listed
December 9, 2024
Updated
Map
718-724 N Wellwood Avenue
North Lindenhurst NY, 11757
Interior Features
Total Stories
1
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.22 Acres
Other Property Details
Taxes
$20,260
Tax Frequency
Annually
Days on Market
243
Garage
No
Parking Total
32
View
No
County
Suffolk County
Pool
No
Zoning
Multi-Use
Listed by Richard Matt Shane with All Island Estates Realty Corp
Listing Contact: 516-783-5600
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kenny Koperda shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 5:31 PM UTC, 12/9/2024