10 Wilcox Avenue
Center Moriches, NY, 11934 $ 2,100,000
Baths0.0 Sq 92,347 Monthly Estimate*
$ 14,669
Studio
for $2,100,000. This 92,347 square foot building was built in 1978 on a lot size of 2.12.
Calling All Investors, Developers & End-Users!!! 9.8 Cap, 5 Unit Investment Property With Solid Tenants On A HUGE 2+ Acre Lot For Sale!!! All Tenants Pay Their Own Utilities & Have Long Leases In Place!!! The Property Features Great Exposure, Excellent Signage, 10,415 Sqft. Building With 400 Amp 3 Phase Power, 16' Ceilings, 126 Parking Spaces, Strong J-2 Zoning, Fenced Lot, Public Garage Permit, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Center Moriches Just Minutes From Sunrise Highway & William Floyd Parkway!!! Neighbors Include Starbucks, Capital One Bank, The Home Depot, Stop & Shop, Dunkin', 7-Eleven, CVS, McDonald's, Kohl's, Mobil, Baskin Robins, Family Dollar, Wendy's, Lidl, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site / Home For Your Business!!! Income: Dance Elektra (4,712 Sqft.): $62,352 Ann.; 2% Ann. Inc.; Lease Exp.: 5/31/27. C & J Truck Repair (1,700 Sqft.): $52,450.92 Ann.; 3% Ann. Inc.; Lease Exp.: 2/28/30. C & J (Yard Space): $12,000 Ann. Office (500 Sqft.): $21,600 Ann. 2 Br. Apt. + Contractor Office & Yard Space : $48,000 Ann. Lease Exp.: 1/2029. Gross Income: $196,402.92 Ann. Expenses: Gas: $0 Ann. Oil: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $2,856 Ann. Taxes: $26,191.54 Water: $0 Ann. Snow & Landscape: $850 Ann. Total Expenses: $30,147.54 Ann. Net Operating Income (NOI): $166,255.38 Ann. (7.92 Cap!!!)
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FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
matthewshane8828@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $14,669
- Monthly Property Taxes
- $2,183
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Center Moriches, NY
Average List Price $1,472,500
Percent of Sale Price 30%
About Center Moriches, NY 7,451 Population
16% Since 2002
$ 96,134 Median Income
42.37 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
10/16/2023 | $2,100,000 | -4.02% | Price Down |
9/11/2023 | $2,188,000 | -8.38% | Price Down |
8/24/2023 | $2,388,000 | | Listed Price |