Pending
627-635 Wadleigh Avenue
West Hempstead NY, 11552
$2,275,000
$455.00 per sqft
Pending
1 Bath
5,000 sqft
Commercial
Built in 1926
Calling All Investors, Developers, & End-Users!!! Amazing 10 Unit Metal Scrap Yard For Sale!!! The Property Features A Warehouse, Huge Yard, 3 Br. 1.5 Bath House, High 12' Ceilings, Excellent Signage, Great Exposure, 3 Lots, Garage, Outdoor Storage, Strong Zoning, 86 Parking Spaces, Separate Meters, Private Driveway, Fenced Yard, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of West Hempstead & Has Been Home To A Successful Metal Recycling Facility For 100+ Years!!! The Property Is Situated 6 Blocks From Lakeview LIRR Station, 2 Blocks From Southern State Parkway & 5 Miles From JFK Airport!!! Neighbors Include NY Equestrian Center, The Home Depot, Stop & Shop, CubeSmart Self Storage, Dunkin', CVS, Regal Cinemas, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 180' x 60' Yard: $84,000 Ann. 10' x 30' Yard (Contractor): $9,000 Ann. 20' x 60' Yard (Contractor): $19,200 Ann. Front Parking: $9,600 Ann. (Available) 30' x 30' Yard: $12,000 Ann. (Available) Office (600 Sqft.): $15,600 Ann. (Available) 2,000 Sqft. Warehouse(Contractor): $30,000 Ann. M-M. 30' x 30' Garage (Contractor): $12,000 Ann. M-M. 3 Br., 1.5 Bath House: $39,000 Ann. + Utilities. M-M. Been Here 5+ Years So Far. Full Basement. Pro Forma Gross Income: $230,400 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Insurance: $3,058 Ann. Taxes: $35,438.17 Ann. Total Expenses: $38,496.17 Ann. Net Operating Income (NOI): $191,903.83 Ann. (Pro Forma 8.77 Cap!!!)
L3540307
MLSⓇ ID
March 25, 2024
Listed
December 9, 2024
Updated
Map
627-635 Wadleigh Avenue
West Hempstead NY, 11552
Interior Features
Total Stories
1
Total Bathrooms
1
Full Bathrooms
1
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.92 Acres
Other Property Details
Taxes
$35,438
Tax Frequency
Annually
Days on Market
214
Garage
No
Parking Total
86
View
No
County
Nassau County
Pool
No
Zoning
Mixed 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 5:34 PM UTC, 12/9/2024