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!!!)