Price Reduced 8.69%
Price History
$1,588,000
2/28/2024
$1,450,000
3/14/2024
1220 Wantagh Avenue, Wantagh, NY, 11793
1952
Calling All Investors, Developers & End-Users!!! 6,600+ Sqft. Office Building With Private Parking Lot On Wantagh Avenue For Sale!!! The Building Features Excellent Signage, Great Exposure, Strong Zoning, 28 Parking Spaces, Private Parking Lot, High 10' Ceilings, 2 Strategically Placed Curb Cuts, All New LED Lighting, Sprinklers, 3 Phase 600 Amp Power, CAC, +++!!! The Property Is Located In Wantagh On Busy Wantagh Avenue Just Minutes From The Southern State Parkway!!! The Building Is Situated Just Off Route 105 In Between The Wantagh Parkway & Route 135!!! Neighbors Include Starbucks, Verizon, USPS, UPS, FedEx, Walmart, Chase Bank, TD Bank, Webster Bank, Citizen's Bank, CVS, 7-Eleven, Dunkin', Shell, Iavarone Brother's, Petco, Aboff's Paints, Chipotle, Smashburger, Taco Bell, Burger King, KFC, +++!!! This Property Has A Daily Traffic Count Of 18,100+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property Or Home For Your Business!!! Income: 2nd Floor: 400 Sqft.: $10,800 Ann. Lease Exp.: 1/1/24. 200 Sqft.: $7,920 Ann. M-M. 200 Sqft. Office: $16,800 Ann. (Available) 200 Sqft. Office: $16,800 Ann. (Available) 400 Sqft.: $20,400 Ann. (Available) 1st Floor: 2,441 Sqft. Office: $78,741 Ann. (Available) LL Office (2,400 Sqft.): $28,000 Ann. (Available) Pro Forma Gross Income: $179,461 Ann. Expenses: Electric: $763 Ann. (Common Areas Only) Gas: $4,822 Ann. (Common Areas Only) Insurance: $3,223 Ann. Maintenance & Repairs: $250 Ann. Taxes: $46,729 Ann. Total expenses: $55,787 Ann. Net Operating Income (NOI): $123,674 Ann. (Pro Forma 8.53 Cap!!!)
Status:
Pending
Type:
Commercial
Units:
7
Zoning:
Office BLd
Levels:
2
Acreage:
0.3
Est. Taxes:
$46,729
Days on Market:
62
MLS #:
3534400
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School Info
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Listing courtesy of All Island Estates Realty Corp 516-783-5600