47 Franklin Ave - Restaurant FOR SALE


Valley Stream, NY 11580
$990,000 USD
929-260-9118
47 Franklin Ave, Valley Stream, NY for Sale
$990,000 USD
Restaurant - FOR SALE
1/13
null | 6% Cap Rate

47 Franklin Ave
Valley Stream, NY 11580


OVERVIEW

Rare Investment Opportunities! Looking for a commercial building in Long Island? Good investment opportunities in Long Island, low cost, stable returns! Property Overview • Location: Valley Stream, Long Island 47 Franklin Ave, Valley Stream, NY 11580 • Floor area: 8,450 square feet • Building area: 3,304 square feet • Parking spaces: nearly 18-20 Property structure • First floor: restaurant, party room and outdoor BBQ dining area,2 bathrooms • Second floor: office,1 full bathroom Leasing status • Current business: Mexican restaurant, beautifully decorated, booming business • Rent: $7,100/month (including property tax), annual rental income $85,200 • Tenants bear all water, electricity and gas expenses. • Lease: NNN lease 3 years remaining + 5 years renewable. • Rent growth: 3%-4% per year Return on investment • Property tax: $25,600, tax reduction can be applied for • Rate of return: about 6% • Worry-free rent collection, stable cash flow Additional advantages • Homeowner loans can be provided, with interest rates better than banks • Well-decorated, equipped with central heating and cooling system, new roof.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$309 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

-

APN/PARCEL ID

2035-35-239-00-0112-0

ASK ABOUT THIS PROPERTY

Sophia YaoCHASE Global Realty Corp.More Info
929-260-9118

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Sophia YaoCHASE Global Realty Corp.More Info
929-260-9118

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