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$ 1,375,000
Est. payment /mo
Active
350 Sunrise HWY West Babylon, NY 11704
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY817095
Originating Board onekey2
Rental Info No
Year Built 1963
Annual Tax Amount $26,774
Lot Size 0.279 Acres
Acres 0.2789
Property Sub-Type Mixed Use
Property Description
Calling All Investors, Developers & End-Users!!! 5,400+ Sqft. Free Standing Building On A 12,150 Sqft. Lot On Sunrise Hwy. For Sale!!! The Property Features Excellent Signage, Great Exposure, High 12' Ceilings, 28 Parking Spaces In A Private Lot, 460 Zoning, 3 Phase Power, 2 Strategically Placed Curb Cuts, Accessible Parking & Bathrooms, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of West Babylon Situated In Between The Route 109 & Route 231!!! The Property Has 74' Of Frontage On Busy Sunrise Highway!!! The Property Has A Daily Traffic Count Of 76,000+ Vehicles Per Day!!! Neighbors Include Subaru, The Home Depot, P.C. Richard & Son, U-Haul, Public Storage, Lowe's Home Improvement, Stop & Shop, 7-Eleven, Dunkin', McDonald's, Firestone, Mavis Discount Tire, Pep Boys, Outback Steakhouse, Applebee's Bar & Grill, Taco Bell, Dollar Tree, Orangetheory Fitness, Lidl, +++!!! This Property Offers HUGE UPSIDE Potential!!! This is Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Ash Hot Yoga: $120,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2027; Tenant Has Option(s) To Extend Up To Another 10 Years.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Insurance: $2,810 Ann.
Snow & Landscape: $600 Ann.
Water: $0 Ann.
Sewer: $0 Ann.
Trash; $0 Ann.
Taxes: $26,500 Ann.
Total Expenses: $30,160 Ann.
Net Operating Income (NOI): $89,840 Ann. (6.53% Cap!!!)
Income:
Ash Hot Yoga: $120,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2027; Tenant Has Option(s) To Extend Up To Another 10 Years.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Insurance: $2,810 Ann.
Snow & Landscape: $600 Ann.
Water: $0 Ann.
Sewer: $0 Ann.
Trash; $0 Ann.
Taxes: $26,500 Ann.
Total Expenses: $30,160 Ann.
Net Operating Income (NOI): $89,840 Ann. (6.53% Cap!!!)
Location
State NY
County Suffolk County
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Available
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp