4028 58th St - Veterinarian/Kennel FOR SALE


Woodside, NY 11377
$2,415,000 USD
973-632-1386
4028 58th St, Woodside, NY for Sale
$2,415,000 USD
Veterinarian/Kennel - FOR SALE
1/5
null | 8.01% Cap Rate

4028 58th St
Woodside, NY 11377


HIGHLIGHTS

  • Excellent Mixed-Use Property | 100% Occupied | Scheduled Rent Increases | Tremendous Value & Unique Investment
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Extensive Recent Property Renovations
  • Dense Retail Corridor | Strong Tenant Presence | Direct Access to Public Transportation
  • Direct Residential Consumer Base | Strong Nearby Demographics |Affluent Community | Pet Lovers | Queens NYC

OVERVIEW

• The offering presents an excellent mixed-use investment opportunity consisting of 1 residential unit and 1 retail unit • The offering also features an 800 SF basement, which PetVet uses for their business practices • The asset is 100% occupied with long-term commitment to the site • PetVet, who occupies the first floor, features scheduled 2.50% annual rental increases throughout their initial term and their 2 (5-year) option periods • The property is positioned in a highly desirable retail location with direct access to major residential communities, retail, and commuter routes • Owner offers a NNN master lease for the residential unit at $2,732/month with 2.50% annual rental increases - coterminous with PetVet - leaving zero management for the buyer • The asset can be offered without residential master lease, leaving opportunity to increase residential rents which are currently below market

FOR SALE DETAILS

PRICE

$2,415,000 USD

PRICE/SF

$894 USD /SF

CAP RATE

8.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corp PetVet & Residential Mixed-Use

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R5B/R6/C2-3

APN/PARCEL ID

01328-0044

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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