120-126 Laurel Road, Huntington, NY, 11731
$1,750,000
$1,800,000
Lot Size
11,326 sqft
Year Built
1986
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
Calling All Investors, Developers & End-Users!!! 8.18 Cap 100% Occupied 7 Unit 6,400 Sqft. Shopping Center Near The Northport LIRR Station For Sale!!! The Building Features Excellent Signage, Great Exposure, 23 Parking Spaces, High 10’ Ceilings, Strong C6 Zoning, 2 Levels, All New LED Lighting, 200 Amp, Power, CAC, +++!!! The Property Is Located In The Heart Of East Northport 2 Blocks From The Northport LIRR Station!!! The Property Is Situated Just Minutes From Veteran’s Park & The Vanderbilt Museum!!! Neighbors Include UPS, Verizon, Chase Bank, Subaru, The Home Depot, P.C. Richard & Son, Stop & Shop, Public Storage, Extra Space Storage, Orangetheory Fitness, T.J. Maxx, 7-Eleven, Walgreens, Shell, Gold’s Gym, Trader Joe’s, Sherwin-Williams, Aboff’s Paints, Wendy’s, Taco Bell, Dairy Queen, +++!!! The Building Has 404 Feet Of Frontage On Busy Laurel Road & Vernon Valley Road!!! This Property Has A Daily Traffic Count Of 16,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit A: Podcast Studio: $18,000 Ann.; 3% Ann. Inc.; Lease Exp.: 10/1/28. Unit B: Music Studio: $12,000 Ann.; 3% Ann. Inc.; Lease Exp.: 10/1/28. Unit C: Lighting Company: $28,800 Ann.; M-M. Unit 2A: Lighting Company: $16,800 Ann.; M-M. Unit 2B: East Coast Capital: $30,000 Ann.; M-M. Unit 2C: SPA: $24,000 Ann. Unit 2D: Farmer’s Insurance: $20,400 Ann.; 3% Ann. Inc.; Lease Exp.: 8/1/27 + (2) 3 Year Options. Tax Rebate (Paid By The Tenants): $18,886 Ann. Landscape Rebate (Paid By The Tenants): $1,500 Ann. Garbage Rebate (Paid By The Tenants): $2,400 Ann. Snow Removal Rebate (Paid By The Tenants): $1,000 Ann. Expenses: Gas: $0 Electric: $1,440 Ann. (Perimeter Lighting Only) Maintenance & Repairs: $250 Ann. Insurance: $3,200 Ann. Water: $200 Ann. Garbage: $2,400 Ann. Snow & Landscape: $2,500 Ann. Taxes: $20,600 Ann. Total Expenses: $30,590 Ann. Current Gross Income: $173,786 Ann. Net Operating Income (NOI): $143,196 Ann. (8.18% Cap!!!) Reply, Reply All or Forward
Listed by Richard Matt Shane, All Island Estates Realty Corp
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