410 Lake Ave - Freestanding FOR SALE


Saint James, NY 11780- St James
$750,000 USD
516-279-8828
410 Lake Ave, Saint James, NY for Sale
$750,000 USD
Freestanding - FOR SALE
1/26
null | 10.4% Cap Rate

410 Lake Ave
Saint James, NY 11780
St James


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 10.4 Cap 1,950 SF. Free Standing Building With WET Use + Private Parking Lot On Lake Ave. For Sale!!!
  • The Property Is Located In The Heart Of Saint James 2 Blocks From The Saint James LIRR Station & Has 54+ Feet Of Frontage On Busy Lake Avenue!!!
  • The Building Features Excellent Signage, Great Exposure, Strong Central Business Zoning, 25 Parking Spaces, High 10’ Ceilings, Parking Lot, +++!!!
  • Neighbors Include Starbucks, USPS, Mercedes, Lexus, Acura, Kia, Toyota, Jeep-Dodge-Ram, Chevrolet, Mazda, Fairfield Properties, Capital One Bank, +++!
  • As Per The Seller The Property Building Has Air Rights Up To 35'!!
  • This Could Be Your Next Development Site Or The Next Home For Your Business!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 10.4 Cap 1,950 Sqft. Free Standing Building With WET Use + Private Parking Lot On Lake Avenue For Sale!!! The Property Is Located In The Heart Of Saint James 2 Blocks From The Saint James LIRR Station!!! The Building Features Excellent Signage, Great Exposure, Central Business Zoning, 25 Parking Spaces, High 10’ Ceilings, Private Driveway & Parking, Sprinklers, Security System, Strategically Placed Curb Cuts, Accessible Parking & Bathrooms, All New LED Lighting, CAC+++!!! The Building Has 54+ Feet Of Frontage On Busy Lake Avenue!!! Neighbors Include Starbucks, USPS, Mercedes, Lexus, Acura, Kia, Toyota, Jeep-Dodge-Ram, Chevrolet, Mazda, Fairfield Properties, Capital One Bank, TD Bank, King Kullen, 7-Eleven, Dunkin’, Whole Foods, Costco, BP Gas, Lowe’s, Trader Joe’s, Macy’s, +++!!! As Per The Seller The Building Has Air Rights Up To 35’!!! The Entire Building Will Be Delivered Vacant!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Storefront (1,950 Sqft.): $78,000 Ann. NNN Pro Forma Gross Income: $78,000 Ann. Expenses: Gas: $0 Ann. (NNN Lease) Electric: $0 Ann. (NNN Lease) Water: $0 Ann. (NNN Lease) Maintenance & Repairs: $0 (NNN Lease) Insurance: $0 (NNN Lease) Taxes: $14,268 Ann. (Tenant Pays, NNN Lease) Total Expenses: $0 Ann. Pro Forma Net Operating Income (NOI): $78,000 Ann. (10.4 Cap!!!)

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$385 USD /SF

CAP RATE

10.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

Central Business

APN/PARCEL ID

0800-056-00-01-00-057-000

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.