Two story iconic building located on one of the busiest corners in Baldwin. The property has great visibility and exposure. The main level will be delivered vacant the the upstairs could also be made available to be delivered vacant.
Price Upon Req.3,237 SF
Auction.com and Greiner Maltz are pleased to offer for sale a 3,237 SF, Class C, two-story mixed-Use building located in Long Beach, NY. The Property is located in the Southern Nassau Submarket in Nassau County. Traffic counts along East Park Avenue equate to approximately 32,000 vehicles per day. The Property is well located nearby the Long Beach Train station, directly across the street from the Long Beach LIRR stop, as well as a host of national and local retailers. Long Beach is a highly dense beach community and Park Avenue is the main commercial strip of the town and one of the more frequented areas of the community outside of the nearby West End section.Built in 1923 and renovated in 1985 sits on a 0.5 acre site. The ground floor consists of 1,695 square feet and is currently occupied by a deli tenant on a month-to-month basis. The second floor consists of 1,578 square feet of vacant office space.
This is an outstanding investment opportunity. There are two ways to go about the purchase of this property, one yielding a Cap Rate of 11% while the other yields an infinity Cap Rate. Leasing out the building at $20/sqft, which is conservative given the market comparables, the NOI is approximately $165,000. At a conservative Cap Rate of 7%, a bank will evaluate this property at approximately $2,350,000. If you cash out refinanced at 70% it would cover your entire acquisition cost, yielding you a Cap Rate of infinity. These numbers are Pro Forma; buyer must do their own due diligence for more accurate analysis.
American Investment Properties is exclusively retained by Punia Company to sell the Cherry Valley Shopping Center located at 490-526 Hempstead Turnpike in West Hempstead, New York. The property features approximately 117,000 square feet of retail and professional space and is situated on 4.87 acres of land.
3, 500 square foot neighborhood shopping center.
Price Upon Req.4,877 SF
Currently a medical office, best suited for investment and owner use
Reduced High End Money making Spa. The business has Been Established For 6 Years. This A Great Business With A Very High Income with established clients. The Owner Spent More Than A $1.5M Inside The Spa. The Inventory Is All Included In The Sale. There Are 5 Jacuzzis, A Manicure & Pedicure Rm, Two Locker Room Areas With Showers, Two Steam Saunas And One Of A Kind Rejuvenation Room ( a total of 16 Rooms). There Is A Garden Sitting Area W/ A Bar. The building has its own parking area. The spa is part of a shopping strip. The gross income is about $400,000. The rent is $13,500 Located in Great Neck, Middle Neck rd. which is the main road in the area. Lots of car and foot traffic
6 Store,& 5 Apt, State Farm, Kitchen Cabinet, Nail.Dry Cleaner, Jeweller, Medical Laboratory.43/45/47/49/51/53/ Mineola AveL.I 495 Expressway Exit 37 North to 3 Block.