Price Reduced 3.70%
Price History
$1,350,000
11/14/2023
$1,300,000
12/11/2023
1215 Little East Neck Road, Babylon, (Wyandanch), NY, 11798
Calling All Investors, Developers, & End-Users!!! Successful 3 Bay Auto Repair Shop With 2 Private Parking Lots & A HUGE Gated Yard For Sale!!! The Property Features Great Exposure, Excellent Signage, Strong Auto Repair/E Business Zoning, 3 Bays, Dedicated Turning Lane, 2 New Oil Tanks, 2 Private Parking Lots, Waiting Room, 3 Lots, 2 Strategically Placed Curb Cuts, 58 Parking Spaces, High 17' Ceilings, HUGE Gated Yard, 3 Phase Power, 2 Skylights, 800 Sqft. Basement, All New LED Lighting, CAC, +++!!! The Property Is Located On Busy Little East Neck Road In Between The Southern State Pkwy. & LIRR Station!!! Neighbors Include Starbucks, U-Haul, Extra Space Storage, 7-Eleven, Dunkin', Valero, Shell, CVS, Penske Truck Rental, Educational Bus Company, Taco Joe's, Burger King, Carvel, Domino's, +++!!! This Successful Repair Shop Has Been In Business For 39+ Years!!! This Property Has A Daily Traffic Count Of 31,200 Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site, Investment Property Or Home For Your Business!!! Income: 3 Bay Repair Shop With Parking Lot: $84,000 Ann. (Available) Rear Yard With Office: $60,000 Ann. (Available) Pro Forma Gross Income: $144,000 Ann. Expenses: Oil: $0 Ann. Electric: $0 Ann. Insurance: $1,383 Ann. Snow & Landscape: $0 Ann. Taxes: $16,202 Ann. Total Expenses: $17,585 Ann. Net Operating Income (NOI): $126,415 Ann. (Pro Forma 9.72% Cap!!!)
Status:
Pending
Town:
Babylon
Type:
Commercial
Units:
2
Zoning:
Auto Rep
Heating:
Oil
Levels:
1
Acreage:
0.7
Est. Taxes:
$16,202
Days on Market:
181
MLS #:
3516654
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School Info
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Listing courtesy of All Island Estates Realty Corp 516-783-5600