622 Broadway, Babylon, NY, 11701
$799,000
$899,000
activeLot Size
17,982 sqft
Year Built
1964
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
Calling All Investors, Developers & End-Users!!! Prime Mixed Use Building/ Development Site On Route 110 For Sale!!! The Property Features Great Exposure, Excellent Signage, High 8’ Ceilings, (480) Multiple Use Zoning, 18 Parking Spaces, Office, (1) 2 Br. Apartment, (1) 1 Br. Apartment, (1) Studio Apt., Full Basement, Low Property Taxes, Private Driveway & Parking Lot, Large Fenced Yard, Strategically Placed Curb Cuts, 200 Amp Power, All New LED LIghting, +++!!! This Huge 17,000+ Sqft. Property Is Situated In The Heart Of Amityville On Busy Route 110 Just North Of Sunrise Highway!!! Neighbors Include Starbucks, The Home Depot, Target, Mercedes-Benz, Kia, Nissan, 7-Eleven, Valero, Sunoco, McDonald's, Taco Bell, Pollo Campers, KFC, Walgreens, Advance Auto Parts, T-Mobile, Red Lobster, Dollar Tree, +++!!! The Property Has A Traffic Count Of Over 31,400+ Vehicles Per Day!!! The Entire Building Can Be Delivered Vacant If Need Be. This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 1st Fl. 2 Br. Apt.: $33,600 Ann. (Available) 2nd Fl. 1 Br. Apt.: $26,400 Ann. (Available) 3rd. Fl. Studio Apt.: $21,600 Ann. (Available) 1st Fl. Office (350 Sqft.): $22,800 Ann. (Available) Full LL: $9,600 Ann. (Available) Pro Forma Gross Income: $114,000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $2,823 Ann. Water: $800 Ann. Taxes: $11,437.09 Ann. Total Expenses: $15,310.09 Ann. Pro Forma Net Operating Income (NOI): $98.689.91 Ann. (12.35% Cap!!!)
Listed by Richard Matt Shane, All Island Estates Realty Corp
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