7511-7513 Metropolitan Ave - Storefront Retail/Office FOR SALE


Middle Village, NY 11379
$3,450,000 USD
516-279-8828
7511-7513 Metropolitan Ave, Middle Village, NY for Sale
$3,450,000 USD
Storefront Retail/Office - FOR SALE
1/25
null | Request Cap Rate

NEW


7511-7513 Metropolitan Ave
Middle Village, NY 11379


HIGHLIGHTS

  • Calling All Investors, Developers, & End-Users!!! 3 Unit Mixed-Use Building On A Huge 10,500 Sqft. Lot In Middle Village For Sale!!!
  • The Property Features Excellent Signage, Great Exposure, R5/C1-3 Zoning, Huge Rear Yard, High 9’ Ceilings, Sprinklers, Security Camera System, +++!!!
  • The Property Is Located In the Heart Of Middle Village Minutes From The Metro Mall & Has 55’ Of Frontage On Busy Metropolitan Avenue!!!
  • Neighbors Include TD Bank, Webster Bank, Amazon, BJ’s Wholesale Club, Petco, Raymour & Flanigan, Ashley Furniture, Bob’s Discount Furniture, +++!!!
  • The Laundromat Can Be Delivered Vacant If Need Be.
  • This Property Offers HUGE Upside Potential!!!

OVERVIEW

Calling All Investors, Developers, & End-Users!!! 3 Unit Mixed-Use Building On A Huge 10,500 Sqft. Lot In Middle Village For Sale!!! The Property Features Excellent Signage, Great Exposure, R5/C1-3 Zoning, Huge Rear Yard, High 9’ Ceilings, Sprinklers, 15 Parking Spaces, Security Camera System, Separate Meters, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In the Heart Of Middle Village Minutes From The Metro Mall!!! The Property Has 55’ Of Frontage On Busy Metropolitan Avenue!!! Neighbors Include TD Bank, Webster Bank, Amazon, BJ’s Wholesale Club, Petco, Raymour & Flanigan, Ashley Furniture, Bob’s Discount Furniture, 7-Eleven, Dunkin’, Dollar Tree, Michaels, Panera Bread, Salvation Army, Dick’s Sporting Goods, Regal Cinemas, Wendy’s, Arby’s, +++!!! The Laundromat 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: Laundromat: $84,000 Ann.; 3% Ann. Inc.; Lease Exp.: 8/1/36. (1) 10 Year Option. Pharmacy: $48,000 Ann.; 4% Ann. Inc.; Lease Exp.: 8/1/28. (1) 5 Year Option. Recording Studio: $37,800 Ann.; 3% Ann. Inc.; Lease Exp.: 9/1/28. Tax Rebate: $2,250 Ann. Gross Income: $172,050 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Water & Sewer: $0 Ann. Insurance: $4,382 Ann. Taxes: $45,096 Ann. Total Expense: $49,478 Ann. Net Operating Income (NOI): $122,572 Ann.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$586 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R5 C1-3

APN/PARCEL ID

03066-0023

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 Notice.