Calling All Investors, Developers & End-Users!!! 1,800 Sqft. Corner Retail Building With Cell Tower On S. Conduit Avenue For Sale!!! The Property Features Excellent Signage, Great Exposure, R4B Zoning, 6 Parking Spaces, 1,800 Sqft. Basement, High 10’ Ceilings, All New LED Lighting, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Springfield Gardens On Busy S. Conduit Avenue Minutes From JFK Airport & Green Acres Mall!!! Neighbors Include UPS, Toyota, Hyundai, Capital One, Bank Of America, Walmart, The Home Depot, Target, Stop & Shop, Best Buy, Edible Arrangements, PetSmart, Exxon, Primark, Dick’s Sporting Goods, Sonic, McDonald’s, Checkers, Popeye’s Louisiana Kitchen, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Deli (1,800 Sqft. + 1,800 Sqft. LL): $52,800 Ann.; Lease Exp.: 11/1/2029.
Verizon Tower: $24,000 Ann.; Lease Exp.: 2053.
2 Parking Spaces (Landscaper): $6,000 Ann. M-M.
Gross Income: $82,800 Ann.
Expenses:
Gas: $0
Electric: $0
Water & Sewer: $700 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $2,803 Ann.
Taxes: $17,579.76 Ann.
Total Expenses: $21,332.76 Ann.
Net Operating Income (NOI): $61,467.24 Ann.