718-724 N Wellwood Avenue
North Lindenhurst, NY, 11757 $ 1,500,000
Bedrooms-- Baths-- Sq 5,200 Monthly Estimate*
$ 9,358
for $1,500,000. This 5,200 square foot building was built in 1960 on a lot size of 0.220455.
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!!!)
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FeaturesGeneralZoning Multi-Use
Year Built 1960
Parcel Number 0100-154-00-01-00-002-000
County Suffolk County
Operating Expense 23740
Property Type Commercial Sale
HOA N
Directions Route 109 to Wellwood Avenue
City Babylon
Number Of Units Total 4
Tax Annual Amount 20260
Showing Instructions Call Office 516-783-5603
Standard Status Pending
Tax Lot 4
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ExteriorTotal Parking 32
Parking Spaces 32
Spa N
Building Area Total 5200
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InteriorTotal Stories 1
Basement (Y/N) N
Half Baths 0
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* Excluded FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
Affordability Calculator
- Monthly Principal & Interest
- $9,358
- Monthly Property Taxes
- $1,688
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% 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 North Lindenhurst, NY
Average List Price $1,500,000
Percent of Sale Price 0%
About North Lindenhurst, NY 11,541 Population
-2% Since 2002
$ 83,324 Median Income
38.52 Median Age
40% Households with Children
Trends Information provided by ATTOM Data Solutions.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/2/2024 | $1,500,000 | | Listed Price |