10 Wilcox Ave - Service FOR SALE


Center Moriches, NY 11934
$2,100,000 USD
516-279-8828
10 Wilcox Ave, Center Moriches, NY for Sale
$2,100,000 USD
Service - FOR SALE
1/45
null | 7.92% Cap Rate

10 Wilcox Ave
Center Moriches, NY 11934


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 7.92 Cap, 5 Unit Investment Property With Solid Tenants On A HUGE 2+ Acre Lot For Sale!!!
  • The Property Features Great Exposure, Excellent Signage, 400 Amp 3 Phase Power, 16' Ceilings, 126 Parking Spaces, Strong J-2 Zoning, +++!!!
  • The Property Also Features A Fenced Lot, Public Garage Permit, All New LED Lighting, CAC, +++!!!
  • The Property Is Located In The Heart Of Center Moriches Just Minutes From Sunrise Highway & William Floyd Parkway!!!
  • Neighbors Include Starbucks, Capital One Bank, The Home Depot, Stop & Shop, Dunkin’, 7-Eleven, CVS, McDonald’s, Kohl’s, Mobil, Baskin Robins, +++!!!
  • This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site / Home For Your Business!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 7.92 Cap, 5 Unit Investment Property With Solid Tenants On A HUGE 2+ Acre Lot For Sale!!! All Tenants Pay Their Own Utilities & Have Long Leases In Place!!! The Property Features Great Exposure, Excellent Signage, 10,415 Sqft. Building With 400 Amp 3 Phase Power, 16' Ceilings, 126 Parking Spaces, Strong J-2 Zoning, Fenced Lot, Public Garage Permit, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Center Moriches Just Minutes From Sunrise Highway & William Floyd Parkway!!! Neighbors Include Starbucks, Capital One Bank, The Home Depot, Stop & Shop, Dunkin’, 7-Eleven, CVS, McDonald’s, Kohl’s, Mobil, Baskin Robins, Family Dollar, Wendy’s, Lidl, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site / Home For Your Business!!! Income: Dance Elektra (4,712 Sqft.): $62,352 Ann.; 2% Ann. Inc.; Lease Exp.: 5/31/27. C & J Truck Repair (1,700 Sqft.): $52,450.92 Ann.; 3% Ann. Inc.; Lease Exp.: 2/28/30. C & J (Yard Space): $12,000 Ann. Office (500 Sqft.): $21,600 Ann. 2 Br. Apt. + Contractor Office & Yard Space : $48,000 Ann. Lease Exp.: 1/2029. Gross Income: $196,402.92 Ann. Expenses: Gas: $0 Ann. Oil: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $2,856 Ann. Taxes: $26,191.54 Water: $0 Ann. Snow & Landscape: $850 Ann. Total Expenses: $30,147.54 Ann. Net Operating Income (NOI): $166,255.38 Ann. (7.92 Cap!!!) Income: Dance Elektra (4,712 Sqft.): $62,352 Ann.; 2% Ann. Inc.; Lease Exp.: 5/31/27. C & J Truck Repair (1,700 Sqft.): $52,450.92 Ann.; 3% Ann. Inc.; Lease Exp.: 2/28/30. C & J (Yard Space): $12,000 Ann. Contractor (2,250 Sqft.): $48,000 Ann.; Lease Exp.: 8/1/26. Contractor (Yard Space): $18,000 Ann. Office (500 Sqft.): $21,600 Ann. 2 Br. Apt.: $33,600 Ann. M-M. Gross Income: $236,000 Ann. Expenses: Gas: $0 Ann. Oil: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $2,856 Ann. Taxes: $26,191.54 Water: $0 Ann. Snow & Landscape: $850 Ann. Total Expenses: $30,147.54 Ann. Net Operating Income (NOI): $205,852.46 Ann. (9.8 Cap!!!)

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

7.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Wilcox Avenue, Center Moriches

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Distribution, Manufacturing, Showroom, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

1

DRIVE INS

5

PARKING SPACES

126

LAND DETAILS

LAND ACRES

2.12

LAND SF

92,347

ZONING

J-2

APN/PARCEL ID

0200-856-00-05-00-003-000

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.