West Hempstead, NY 11552,633 Wadleigh AVE

$850,000

$1,150,000

26.1%
Est.Price: ?

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Est. payment /mo

2,200 SqFt


SOLD DATE : 11/14/2024

Key Details

Sold Price $850,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 2,200 sqft

Price per Sqft $386

MLS Listing ID L3548560

Year Built 1923

Annual Tax Amount $18,808

Property Sub-Type Industrial

Property Description

Calling All Investors, Developers, & End-Users!!! Amazing Metal Scrap Yard For Sale!!! The Property Features A Warehouse, Huge Yard, High 12' Ceilings, Excellent Signage, Great Exposure, Outdoor Storage, Strong Zoning, 86 Parking Spaces, Separate Meters, Fenced Yard, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of West Hempstead & Has Been Home To A Successful Metal Recycling Facility For 100+ Years!!! The Property Is Situated 6 Blocks From Lakeview LIRR Station, 2 Blocks From Southern State Parkway & 5 Miles From JFK Airport!!! Neighbors Include NY Equestrian Center, The Home Depot, Stop & Shop, CubeSmart Self Storage, Dunkin', CVS, Regal Cinemas, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 180' x 60' Yard: $84,000 Ann. (Available) 10' x 30' Yard (Contractor): $9,000 Ann. (Available) 20' x 60' Yard (Contractor): $19,200 Ann. (Available) Front Parking: $9,600 Ann. (Available) 30' x 30' Yard: $12,000 Ann. (Available) Office (600 Sqft.): $15,600 Ann. (Available) 2,000 Sqft. Warehouse(Contractor): $30,000 Ann. (Available) 30' x 30' Garage (Contractor): $12,000 Ann. (Available) Pro Forma Gross Income: $191,400 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Insurance: $2,058 Ann. Taxes: $18,808 Ann. Total Expenses: $20,866 Ann. Net Operating Income (NOI): $170,714 Ann. (Pro Forma 14.83 Cap!!!)

Location

State NY

County Nassau County

Building

Story 1

Others

Special Listing Condition None

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Listed by All Island Estates Realty Corp • Richard Matt Shane
Bought with All Island Estates Realty Corp

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Luciane Serifovic

Luciane Serifovic

CEO & FOUNDER | License ID: 10491208575

+1(917) 567-8767

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