Calling All Investors, Developers & End-Users!!! 13.19 Cap 12,560 Sqft. 5 Unit Warehouse/ Retail/ Office Building For Sale Asking Only $94 Per Sqft.!!! 440 W. Merrick Road & 163 Buscher Avenue Are Both Included In This Sale!!! Renovated In 2020 The Building Features Excellent Signage, Great Exposure, High 16’ Ceilings, 2 Bays, 18+ Parking Spaces, 8 Brand New Private Offices, 7,500+ Sqft. Warehouse, Separate Meters, New LED Lighting, +++!!! The Entire Building Can Be Delivered Vacant If Need Be.
Income:
Retail Store/ Showroom: $56k Ann. Available (2,500 Sqft.)
Front 2nd Floor Office: $22,600 Ann. Available (1,200 Sqft.)
Rear Office: $39,600 Ann. Available (1,800 Sqft.)
440 W. Merrick Rd. Warehouse: $78,000 Ann. Available (5,000 Sqft.)
136 Buscher Ave. Warehouse: $28,600 Ann. Available (2,060 Sqft.)
Gross Income: $224,800
Expenses:
Gas: $0
Electric: $0
Insurance: $3,800
Taxes: $56,217
Village Taxes: $7,223
Water: $560
Total Expenses: $68,050
Net Operating Income (NOI): $156,750 (Proforma 13.19 Cap)