1870-1872 Grand Ave - Freestanding FOR SALE


Baldwin, NY 11510
$750,000 USD
516-279-8828
1870-1872 Grand Ave, Baldwin, NY for Sale
$750,000 USD
Freestanding - FOR SALE
1/23
null | 6.65% Cap Rate

1870-1872 Grand Ave
Baldwin, NY 11510


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 6.65% Cap 4,300+ Sqft. 2 Unit Retail Building With Private Parking Lot On Grand Avenue For Sale!!!
  • The Property Is Located In The Heart Of Baldwin Just A Few Blocks From Sunrise Hwy. & The Baldwin LIRR Station!!!
  • The Property Features Excellent Signage, Great Exposure, Multiple Use (482.24) Zoning, High 14’ Ceilings, Private Driveway & Parking, CAC, +++!!!
  • Neighbors Include Starbucks, BMW, Mercedes-Benz, Capital One Bank, FourLeaf Federal Credit Union, The Home Depot, Best Buy, Petco, CVS, +++!!!
  • The Entire Building Can Be Delivered Vacant If Need Be!!!
  • This Property Offers HUGE Upside Potential!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 6.65% Cap 4,300+ Sqft. 2 Unit Retail Building With Private Parking Lot On Grand Avenue For Sale!!! The Property Is Located In The Heart Of Baldwin Just A Few Blocks From Sunrise Hwy. & The Baldwin LIRR Station!!! The Property Features Excellent Signage, Great Exposure, Multiple Use (482.24) Zoning, 86 Parking Spaces, High 14’ Ceilings, Full Basement, Private Driveway & Parking, Strategically Placed Curb Cut, All New LED Lighting, CAC, +++!!! The Building Has 30’ Of Frontage On Busy Grand Avenue!!! Neighbors Include Starbucks, BMW, Mercedes-Benz, Capital One Bank, FourLeaf Federal Credit Union, The Home Depot, Best Buy, Petco, CVS, Walgreens, Dunkin’, Wendy’s, Jiffy Lube, Dollar Tree, +++!!! The Entire Building Can Be Delivered Vacant If Need Be!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Martial Arts Studio (4,320 Sqft.): $73,740 Ann.; Lease Exp.: 8/31/25. Total Gross Income: $73,740 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Water: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $3,620 Ann. Taxes: $19,984.58 Ann. Total Expenses: $23,854.58 Ann. Net Operating Income (NOI): $49,885.42 Ann. (6.65% Cap!!!)

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

86

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,598 SF

ZONING

482.24

APN/PARCEL ID

2089-36-410-00-0752-0

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 Policy.