Calling All Investors, Developers & End-Users!!! HUGE 1+ Acre Waterfront Development Site With C3A Zoning In Gerritsen Beach For Sale!!! The Property Features Great Exposure, Excellent Signage, C3A Zoning, 90 Parking Spaces, 6 Lots, Strategically Placed Curb Cut, 250+ Feet Of Waterfront, 20+ Feet Of Water Rights, Private Gated Lot, Low Property Taxes, +++!!! The Property Is Located In The Heart Of Gerritsen Beach Near The Gerritsen Inlet Bridge & Mau Mau Island!!! Neighbors Include The Home Depot, Public Storage, Dunkin’, Cold Stone Creamery, T.J. Maxx, Tim Hortons, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Various Tenants (Half Of The Yard): $480,000 Ann
Half Of Yard: $480,000 Ann. (Available)
Pro Forma Gross Income: $960,000 Ann.
Expenses:
Taxes: $64,885 Ann.
Pro Forma Net Operating Income (NOI): $895,115 Ann. (26.52% Cap!!!)