8 Acres of subdividable commercial land located along the Route 58 Corridor – the commercial hub of Eastern Long Island. Property includes well established commercial tenant that generates income and covers the property taxes and insurance.
Subdividable - minimum lot size is 2 aces - could be subdivided up to 4 lots. Permitted coverage is 25%.
City Water and Sewer.
Property is located in a Qualified Opportunity Zone – IRS Tax Code - may provide tremendous tax benefits, including deferral and increased basis, PLUS the elimination of all future capital gains on the re-sale of the property.
Permitted Uses Include:
- Medical and Professional Offices
- Medical Labs
- Veterinary Services and Kennel
- Self-Storage / Warehouse
- Outdoor storage
- Contractor’s Space
- Miniature Golf Course
- Go Cart Raceway: Indoor/Outdoor
- Gym Physical Fitness
- Auto Service and Repairs
- Marine Service and Repairs
- Wholesale Businesses
- General Manufacturing
...More
PLEASE DO NOT DISTURB HYDRANT HOTEL TENANT**
**NDA required & Proof of Funds required for tenant info.