Property Description

Calling All Investors, Developers & End-Users!!! 8.18 Cap 100% Occupied 7 Unit 6,400 Sqft. Shopping Center Near The Northport LIRR Station For Sale!!! The Building Features Excellent Signage, Great Exposure, 23 Parking Spaces, High 10' Ceilings, Strong C6 Zoning, 2 Levels, All New LED Lighting, 200 Amp, Power, CAC, +++!!! The Property Is Located In The Heart Of East Northport 2 Blocks From The Northport LIRR Station!!! The Property Is Situated Just Minutes From Veteran's Park & The Vanderbilt Museum!!! Neighbors Include UPS, Verizon, Chase Bank, Subaru, The Home Depot, P.C. Richard & Son, Stop & Shop, Public Storage, Extra Space Storage, Orangetheory Fitness, T.J. Maxx, 7-Eleven, Walgreens, Shell, Gold's Gym, Trader Joe's, Sherwin-Williams, Aboff's Paints, Wendy's, Taco Bell, Dairy Queen, +++!!! The Building Has 404 Feet Of Frontage On Busy Laurel Road & Vernon Valley Road!!! This Property Has A Daily Traffic Count Of 16,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!Income:Unit A: Podcast Studio: $18,000 Ann.; 3% Ann. Inc.; Lease Exp.: 10/1/28.Unit B: Music Studio: $12,000 Ann.; 3% Ann. Inc.; Lease Exp.: 10/1/28. Unit C: Lighting Company: $28,800 Ann.; M-M. Unit 2A: Lighting Company: $16,800 Ann.; M-M.Unit 2B: East Coast Capital: $30,000 Ann.; M-M.Unit 2C: SPA: $24,000 Ann.Unit 2D: Farmer's Insurance: $20,400 Ann.; 3% Ann. Inc.; Lease Exp.: 8/1/27 + (2) 3 Year Options.Tax Rebate (Paid By The Tenants): $18,886 Ann.Landscape Rebate (Paid By The Tenants): $1,500 Ann. Garbage Rebate (Paid By The Tenants): $2,400 Ann.Snow Removal Rebate (Paid By The Tenants): $1,000 Ann.Expenses:Gas: $0Electric: $1,440 Ann. (Perimeter Lighting Only)Maintenance & Repairs: $250 Ann. Insurance: $3,200 Ann. Water: $200 Ann. Garbage: $2,400 Ann.Snow & Landscape: $2,500 Ann.Taxes: $20,600 Ann. Total Expenses: $30,590 Ann. Current Gross Income: $173,786 Ann.Net Operating Income (NOI): $143,196 Ann. (8.18% Cap!!!)Reply, Reply All or Forward

Property Features