Description
Calling All Investors, Developers & End-Users!!! 100% Occupied 5, 475 Sqft. 3 Unit Corner Mixed-Use Building In Valley Stream For Sale!!! The Building Features Excellent Signage, Great Exposure, Strong C-1 Zoning, 86 Parking Spaces, High 10’ Ceilings, Private Driveway, Gated Yard, Strategically Placed Curb Cut, Signalized Intersection, Basement, Accessible Ramp, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Valley Stream Just 3 Blocks From Sunrise Hwy. & Only 4 Blocks From The LIRR Station!!! The Property Has 100’ Of Frontage On W. Jamaica Ave. + 25’ Of Frontage On Rockaway Ave.!!! The Building Is Situated Next Door To A Large Municipal Parking Lot! The Property Has A Daily Traffic Count Of 9, 500+ Vehicles Per Day!!! Neighbors Include Audi, Toyota, Volkswagen, Honda, Chase Bank, AT&T, Walmart, The Home Depot, Target, Staples, CVS, 7-Eleven, Extra Space Storage, Best Buy, Blink Fitness, Dick’s Sporting Goods, King Kullen, Wendy’s, Taco Bell, McDonald’s, Dollar Tree, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!Income:Pizzeria (3, 600 Sqft.): $71, 600 Ann.; 3% Ann. Inc.; 10 Year Lease + 10 Year Option. 2 Br. Apt.: $26, 400 Ann. M-M. 2 Br. Rear Apt.: $27, 600 Ann. M-M. Current Gross Income: $125, 600 Ann.Expenses:Gas: $1, 260 Ann. (Apartment Heat Only) Electric: $526 Ann. Maintenance & Repairs: $250 Ann. Insurance: $2, 836 Ann. Water: $600 Ann.Taxes: $26, 091.41 Ann.Total Expenses: $31, 563.41 Ann. Net Operating Income (NOI): $94, 036.59 Ann. (6.49 Cap!!!)