Elmont, NY 11003,1325 M ST
Elmont, NY 11003,1325 M ST
Elmont, NY 11003,1325 M ST
Elmont, NY 11003,1325 M ST
Elmont, NY 11003,1325 M ST
Elmont, NY 11003,1325 M ST
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$ 4,650,000
Est. payment | /mo

0.32 Acres Lot


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$ 4,650,000
Est. payment | /mo
Save

0.32 Acres Lot

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEY835255

Originating Board onekey2

Rental Info No

Year Built 1969

Annual Tax Amount $72,483

Lot Size 0.323 Acres

Acres 0.3232

Property Sub-Type Business

Property Description

Calling All Investors, Developers & End-Users!!! 17,838 Sqft. 4 Unit Industrial Building Only 15 Minutes From JFK Airport For Sale!!! The Property Features Excellent Signage, Great Exposure, High 16' Ceilings, 2 Roll-Up Drive In Bays, Light Manufacturing (710.24) Zoning, 28 Parking Spaces, Frontage On 3 Streets, Basement With 12' Ceilings, 3 Phase Power, Side Yard, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Elmont Near The Southern State Pkwy. Just Minutes From The Cross Island Pkwy.!!! The Building Has 339+ Feet Of Wrap-Around Frontage On Busy Meacham Avenue, M Street & N Street!!! Neighbors Include Audi, Starbucks, UPS, Verizon, The Home Depot, Target, Stop & Shop, CubeSmart Self Storage, AutoZone, CVS, T.J. Maxx, Walgreens, Marshalls, McDonald's, Red Mango, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site/ The Next Home For Your Business!!!



Income:



Service Station Vending Equipment (2,100 Sqft.): $66,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27.



Stroller Company (500 Sqft.): $7,200 Ann.; M-M.



No Limits Party Rental (4,200 Sqft.): $60,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27.



Office (1,100 Sqft.): $34,800 Ann.; 3% Ann. Inc.; Lease Exp.: 4/1/27. Can Be Delivered Vacant If Need Be.



LL (10,000 Sqft., 12' Ceiling Warehouse): $180,000 Ann. (Available)



Pro Forma Gross Income: $348,000 Ann.



Expenses:



Gas: $2,400 Ann.



Electric: $6,000 Ann.



Maintenance & Repairs: $2,500 Ann.



Insurance: $5,800 Ann.



Snow & Landscape: $0 Ann.



Water: $382 Ann.



Taxes: $72,483.51 Ann.



Total Expenses: $91,365.51 Ann.



Pro Forma Net Operating Income (NOI): $256,634.49 Ann.

Location

State NY

County Nassau County

Rooms

Basement Finished, Full

Interior

Heating Natural Gas

Cooling Central Air

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected

Total Parking Spaces 28

Building

Sewer Public Sewer

Water Public

Structure Type Block

Others

Special Listing Condition None

Listed by All Island Estates Realty Corp
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+1(516) 593-2800

info@goldstarpremier.com

70 Charles Lindbergh Blvd #201, Uniondale, New York, 11553, USA

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1325 M ST