Calling All Investors, Developers, End-Users!!! 11.02 Cap Corner Mixed-Use Property With Huge Private Parking Lot 1 Block From The Nautical Mile For Sale!!! The Property Features Excellent Signage, Great Exposure, High 9’ Ceilings, 28 Parking Spaces In A Private Lot, Marine Industrial (I) Zoning, 2 Br. Apartment, Office, Large Yard, 4 Stories, Accessible Bathrooms, Storage Area, Strategically Placed Curb Cuts, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Freeport Only Minutes From Merrick Rd., Sunrise Hwy., & The Meadowbrook Pkwy.!!! The Building Is Situated On A Huge 11,500 Sqft. Corner Lot!!! Neighbors Include Land Rover, Porsche, BMW, Lexus, Chevrolet,, Mitsubishi, UPS, The Home Depot, Target, CVS, Petco, Best Buy, Sunoco, Staples, Mavis Discount Tire, HomeGoods, Marshalls, Dunkin’, McDonald’s, Burlington, Burger King, Gap, +++!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!!
Income:
1st Fl.: $54,000 Ann. (Available)
2nd Fl. (Office): $48,000 Ann. (Available)
3rd Fl. (2 Br. Apt.): $31,200 Ann. M-M.
Yard: $60,000 Ann. (Available)
Pro Forma Gross Income: $193,200 Ann.
Expenses:
Taxes: $27,919.30 Ann.
Total Expenses: $27,919.30 Ann.
Net Operating Income (NOI): $165,280.70 Ann. (Pro Forma 11.02% Cap!!!)