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1220 Wantagh Avenue Wantagh, NY 11793
$1,588,000 $1,450,000
  • Commercial
  • PRICE REDUCED
  • Year Built 1952
  • Mixed Use
  • ML# 3534400

Property Details

Overview

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!!!)

Key Facts

  • Lot Size: 0.3
  • Lot Sq Ft: 12998
  • Taxes: $46,729
  • Sale or Rent: Sale
  • Zoning: Office BLd
  • Block: 462
  • Lot: 46

Additional Features

  • Stories: 2

Financial

  • Taxes: $46,729
Listing Information provided courtesy of All Island Estates Realty Corp  516-783-5600
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