Calling All Investors, Developers & End Users!!! Amazing Opportunity To Own A Huge Showroom/Warehouse Combo!!! Located In The Heart of Beautiful Bay Shore This Property Offers Amazing Parking (Over180 Parking Spaces). 16'+ Ceilings. Great Exposure, Excellent Signage, Rear Yard, 2 Driveways, 3 Phase Power, +++!!! The Property Is Comprised Of 2 Units; A 3,500 Sqft. Warehouse & A 5,000 Sqft. Showroom That Offers High 16' Ceilings!!! Up To 5,000 Sqft. Can Be Made Available If Need Be. This Could Be Your Next Location!!! Expenses: Gas: $0, Electric: $0, Maintenance & Repairs: $250, Taxes $33,536, Water: $280, Total Expenses $36,866 Income: Warehouse $46,400,(3,500 Sqft.) (8/1/2020-8/1/2025 3% Annual Income) Retail/Showroom: $140,000 Annual. (5,000 Sqft.) (Available) Gross Income $186,400 (Proforma) Net Operating Income (NO1)$149,534 (Proforma 10.77 Cap)
Listing courtesy of Richard Matt Shane from All Island Estates Realty Corp
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