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385 Silver Lane, Oceanside, NY, 11572 $2,599,999

Misc Commercial , 21700 SqFt 

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Details ML#: 3530000  

  • # of Families: 6
  • Sale or Rent:Sale
  • Year Built: 1970
  • Taxes: $48,158
  • Status:Active

Description

Calling All Investors, Developers & End-Users!!! 1+ Acre 5 Unit Development Site For Sale!!! The Property Features Great Exposure, Excellent Signage, 200 Amp, High 26’ Ceilings, 15 Parking Spaces, 3 Br. House, Garage, 4 Greenhouses, Strategically Placed Curb Cuts, Strong Zoning, CAC, +++!!! The Property Is Located In The Heart Of Oceanside 1 Block Off Busy Atlantic Avenue!!! Neighbors Include Audi, Amazon, Nike, Costco, 7-Eleven, Dunkin, Walgreens, HomeGoods, Trader Joe’s, IHOP, KFC, +++!!! According To The Owner An 84 Unit Assisted Living Facility Is Being Built Next Door To This Property. The Entire Property Can Be Delivered Vacant If Need Be. This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site / Home For Your Business!!! Income: Main 3 Br. House: 1, 800 Sqft.: $48, 000 Ann. (Available) 6, 000 Sqft. Greenhouse: $84, 000 Ann. (Available) (2) 5, 000 Sqft. Greenhouses: $75, 000 Each Ann. (Available) 2, 000 Sqft. Greenhouse: $32, 000 Ann. (Available) Pro Forma Gross Income: $314, 000 Ann. Expenses: Maintenance & Repairs: $250 Ann. Insurance: $4, 000 Ann. Taxes: $48, 158.68 Ann. Total Expenses: $52, 408.68 Ann. Net Operating Income (NOI): $261, 591.32 Ann. (Pro Forma 10.06 Cap!!!)

More Property Details

Property Features

Lot Sq Ft: 50752   Approx. Int. Sq. Ft.: 21700.00   Parking Spaces: Yes   Parking Spaces: 15   Stories: 1  

Financial

Taxes: $48,158  

Local Area Information

Zoning: Res Grnhse   Block: 400   Lot: 486  

Listing Information provided courtesy of All Island Estates Realty Corp  516-783-5600
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