2600-2610 Pettit Avenue, Hempstead, NY, 11710
$2,550,000
$2,990,000
activeLot Size
3,850 sqft
Year Built
1924
Stories
2
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
Calling All Investors, Developers & End-Users!!! 5 Unit 9,000 Sqft. Retail Building In Bellmore For Sale!!! The Building Features Excellent Signage, Great Exposure, 481.4 Zoning, 68 Parking Spaces, High 9’ Ceilings, 2 Lots, Strategically Placed Curb Cut, Multiple Offices, Restaurant/Bar, Basement, Rear Yard, All New LED Lighting, 400 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Bellmore On Pettit Ave. At The Bellmore LIRR Station & 1 Block Off Sunrise Highway!!! The Property Is Situated In Between Large Municipal Parking Lots!!! Neighbors Include Starbucks, Harley-Davidson, Jeep-Dodge-Ram, Toyota, Ford, Mazda, Verizon, P.C. Richard & Son, Stop & Shop, PetSmart, 7-Eleven, Dunkin’, CVS, Panera Bread, Crunch Fitness, Applebee’s Bar & Grill, Mavis Discount Tire, Costello’s Ace Hardware, HomeGoods, Aboff’s Paints, Trader Joe’s, McDonald’s, Valero, +++!!! The Building Has A Cabaret License & Was Previously Home To A Successful Bar/Live Music Venue!!! The Entire Building Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Home For Your Business!!! Income: Law Office (1,250 Sqft.): $48,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/17/28. Office 2 (500 Sqft.): $24,000 Ann. (Available) Office 3 (500 Sqft.): $24,000 Ann. (Available) Office 4 (500 Sqft.): $24,000 Ann. (Available) Restaurant/Bar (3,000 Sqft. + 3,000 Sqft. LL + Rear Yard): $132,000 Ann. Pro Forma Gross Income: $252,000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $5,380 Ann. Taxes: $53,545.35 Ann. Total Expenses: $59,175.35 Ann. Pro Forma Net Operating Income (NOI): $192,824.65 Ann. (7.28% Cap!!!)
Listed by Richard Matt Shane, All Island Estates Realty Corp
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