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4259 Austin BLVD Island Park, NY 11558
5,998 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 909058
Rental Info No
Year Built 2005
Annual Tax Amount $13,351
Lot Size 5,998 Sqft
Acres 0.1377
Property Sub-Type Business
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! 1,220 Sqft. Free Standing Restaurant Building On A 6,000 Sqft. Lot In Island Park!!! The Property Features Excellent Signage, Great Exposure, High 14' Ceilings, 13 Parking Spaces In A Private Parking Lot, Restaurant (421.14) Zoning, 3 Phase Power, Strategically Placed Curb Cut, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Island Park On Busy Austin Blvd. Just Minutes From The Long Beach Bridge!!! The Property Has 60' Of Frontage On Busy Austin Blvd.!!! This Section Of Austin Blvd. Has A Daily Traffic Count Of 40,200+ Vehicles Per Day!!! Neighbors Include Costco, Stop & Shop, Public Storage, Costello's Ace Hardware, King Kullen, Dunkin', Wendy's, McDonald's, Trader Joe's, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Deli: $72,000 Ann.; 3% Ann. Inc.; Lease Exp.: 8/18/35 + 5 Year Option.
Gross Income: $72,000 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Insurance: $2,300 Ann.
Maintenance & Repairs: $250 Ann.
Water: $0 Ann.
Taxes: $13,354.87 Ann.
Total Expenses: $15,904.87 Ann.
Net Operating Income (NOI): $56,095.13 Ann. (6.06% Cap!!!)
Income:
Deli: $72,000 Ann.; 3% Ann. Inc.; Lease Exp.: 8/18/35 + 5 Year Option.
Gross Income: $72,000 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Insurance: $2,300 Ann.
Maintenance & Repairs: $250 Ann.
Water: $0 Ann.
Taxes: $13,354.87 Ann.
Total Expenses: $15,904.87 Ann.
Net Operating Income (NOI): $56,095.13 Ann. (6.06% Cap!!!)
Location
State NY
County Nassau County
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Building
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Block,Frame,Other
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane