Overview
Listing Write Up For 627-635 Wadleigh Ave, W. Hempstead: 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 8.44 Cap!!!)