30
See all 30 photos
$4,650,000
Est. payment /mo
0.32 Acres Lot
Active
1325 M ST Elmont, NY 11003
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UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY835255
Originating Board onekey2
Rental Info No
Year Built 1969
Annual Tax Amount $72,483
Lot Size 0.323 Acres
Acres 0.3232
Property Sub-Type Business
Property Description
Calling All Investors, Developers & End-Users!!! 17,838 Sqft. 4 Unit Industrial Building Only 15 Minutes From JFK Airport For Sale!!! The Property Features Excellent Signage, Great Exposure, High 16' Ceilings, 2 Roll-Up Drive In Bays, Light Manufacturing (710.24) Zoning, 28 Parking Spaces, Frontage On 3 Streets, Basement With 12' Ceilings, 3 Phase Power, Side Yard, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Elmont Near The Southern State Pkwy. Just Minutes From The Cross Island Pkwy.!!! The Building Has 339+ Feet Of Wrap-Around Frontage On Busy Meacham Avenue, M Street & N Street!!! Neighbors Include Audi, Starbucks, UPS, Verizon, The Home Depot, Target, Stop & Shop, CubeSmart Self Storage, AutoZone, CVS, T.J. Maxx, Walgreens, Marshalls, McDonald's, Red Mango, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site/ The Next Home For Your Business!!!
Income:
Service Station Vending Equipment (2,100 Sqft.): $66,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27.
Stroller Company (500 Sqft.): $7,200 Ann.; M-M.
No Limits Party Rental (4,200 Sqft.): $60,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27.
Office (1,100 Sqft.): $34,800 Ann.; 3% Ann. Inc.; Lease Exp.: 4/1/27. Can Be Delivered Vacant If Need Be.
LL (10,000 Sqft., 12' Ceiling Warehouse): $180,000 Ann. (Available)
Pro Forma Gross Income: $348,000 Ann.
Expenses:
Gas: $2,400 Ann.
Electric: $6,000 Ann.
Maintenance & Repairs: $2,500 Ann.
Insurance: $5,800 Ann.
Snow & Landscape: $0 Ann.
Water: $382 Ann.
Taxes: $72,483.51 Ann.
Total Expenses: $91,365.51 Ann.
Pro Forma Net Operating Income (NOI): $256,634.49 Ann.
Income:
Service Station Vending Equipment (2,100 Sqft.): $66,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27.
Stroller Company (500 Sqft.): $7,200 Ann.; M-M.
No Limits Party Rental (4,200 Sqft.): $60,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27.
Office (1,100 Sqft.): $34,800 Ann.; 3% Ann. Inc.; Lease Exp.: 4/1/27. Can Be Delivered Vacant If Need Be.
LL (10,000 Sqft., 12' Ceiling Warehouse): $180,000 Ann. (Available)
Pro Forma Gross Income: $348,000 Ann.
Expenses:
Gas: $2,400 Ann.
Electric: $6,000 Ann.
Maintenance & Repairs: $2,500 Ann.
Insurance: $5,800 Ann.
Snow & Landscape: $0 Ann.
Water: $382 Ann.
Taxes: $72,483.51 Ann.
Total Expenses: $91,365.51 Ann.
Pro Forma Net Operating Income (NOI): $256,634.49 Ann.
Location
State NY
County Nassau County
Rooms
Basement Finished, Full
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Total Parking Spaces 28
Building
Sewer Public Sewer
Water Public
Structure Type Block
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp