1. New York
  2. West Hempstead
  3. 627-635 Wadleigh Avenue
$2,275,000

627-635 Wadleigh Avenue, West Hempstead, NY 11552

  • 1 bath |
  • 5,000 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1926
  • Property Lot Size Icon0.92acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $455/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

Calling All Investors, Developers, & End-Users!!! Amazing 10 Unit Metal Scrap Yard For Sale!!! The Property Features A Warehouse, Huge Yard, 3 Br. 1.5 Bath House, High 12' Ceilings, Excellent Signage, Great Exposure, 3 Lots, Garage, Outdoor Storage, Strong Zoning, 86 Parking Spaces, Separate Meters, Private Driveway, Fenced Yard, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of West Hempstead & Has Been Home To A Successful Metal Recycling Facility For 100+ Years!!! The Property Is Situated 6 Blocks From Lakeview LIRR Station, 2 Blocks From Southern State Parkway & 5 Miles From JFK Airport!!! Neighbors Include NY Equestrian Center, The Home Depot, Stop & Shop, CubeSmart Self Storage, Dunkin', CVS, Regal Cinemas, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 180' x 60' Yard: $84,000 Ann. 10' x 30' Yard (Contractor): $9,000 Ann. 20' x 60' Yard (Contractor): $19,200 Ann. Front Parking: $9,600 Ann. (Available) 30' x 30' Yard: $12,000 Ann. (Available) Office (600 Sqft.): $15,600 Ann. (Available) 2,000 Sqft. Warehouse(Contractor): $30,000 Ann. M-M. 30' x 30' Garage (Contractor): $12,000 Ann. M-M. 3 Br., 1.5 Bath House: $39,000 Ann. + Utilities. M-M. Been Here 5+ Years So Far. Full Basement. Pro Forma Gross Income: $230,400 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Insurance: $3,058 Ann. Taxes: $35,438.17 Ann. Total Expenses: $38,496.17 Ann. Net Operating Income (NOI): $191,903.83 Ann. (Pro Forma 8.77 Cap!!!)

Listing Status:
Pending
Listing Office:
All Island Estates Realty Corp : 516-783-5600
MLS ID:
L3540307

This listing courtesy of All Island Estates Realty Corp

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Chestnut Street School

252 Chestnut St, West Hempstead, NY, 11552

Grades KG-1

0.72 miles away

W

West Hempstead Middle School

450 Nassau Blvd, West Hempstead, NY, 11552

Grades 7-8

0.87 miles away

W

West Hempstead High School

400 Nassau Blvd, West Hempstead, NY, 11552

Grades 9-12

0.92 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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#L3585857 - All Island Estates Realty Corp