1325 M St - Warehouse FOR SALE


Elmont, NY 11003
$4,650,000 USD
516-279-8828
1325 M St, Elmont, NY for Sale
$4,650,000 USD
Warehouse - FOR SALE
1/32
null | 9.39% Cap Rate

1325 M St
Elmont, NY 11003


HIGHLIGHTS

  • 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, 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, ++!
  • This Property Offers HUGE Upside Potential!!!

OVERVIEW

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): $360,000 Ann. (Available) Pro Forma Gross Income: $528,000 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): $436,634.49 Ann.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

9.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Showroom

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

UTILITIES

Lighting - Fluorescent, Gas, Water - County, Sewer - County, Heating - Oil (Fired)

CLEAR CEILING HT

16 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.32

LAND SF

13,939

ZONING

710.24

APN/PARCEL ID

35-091-00-0001

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.