REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 750,000
Est. payment | /mo
$ 750,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 889560
Rental Info No
Year Built 1954
Annual Tax Amount $19,984
Property Sub-Type Business
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! 6.65% Cap 4,300+ Sqft. 2 Unit Retail Building With Private Parking Lot On Grand Avenue For Sale!!! The Property Is Located In The Heart Of Baldwin Just A Few Blocks From Sunrise Hwy. & The Baldwin LIRR Station!!! The Property Features Excellent Signage, Great Exposure, Multiple Use (482.24) Zoning, 86 Parking Spaces, High 14' Ceilings, Full Basement, Private Driveway & Parking, Sprinklers, Strategically Placed Curb Cut, All New LED Lighting, CAC+++!!! The Building Has 30' Of Frontage On Busy Grand Avenue!!! Neighbors Include Starbucks, BMW, Mercedes-Benz, Capital One Bank, FourLeaf Federal Credit Union, The Home Depot, Best Buy, Petco, CVS, Walgreens, Dunkin', Wendy's, Jiffy Lube, Dollar Tree, +++!!! The Entire Building Can Be Delivered Vacant If Need Be!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Martial Arts Studio (4,320 Sqft.): $73,740 Ann.; Lease Exp.: 8/31/25.
Total Gross Income: $73,740 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Water: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $3,620 Ann.
Taxes: $19,984.58 Ann.
Total Expenses: $23,854.58 Ann.
Pro Forma Net Operating Income (NOI): $49,885.42 Ann. (6.65% Cap!!!)
Income:
Martial Arts Studio (4,320 Sqft.): $73,740 Ann.; Lease Exp.: 8/31/25.
Total Gross Income: $73,740 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Water: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $3,620 Ann.
Taxes: $19,984.58 Ann.
Total Expenses: $23,854.58 Ann.
Pro Forma Net Operating Income (NOI): $49,885.42 Ann. (6.65% Cap!!!)
Location
State NY
County Nassau County
Rooms
Basement Common
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Natural Gas Available
Total Parking Spaces 86
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Block,Frame
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp