U

1220 Wantagh Avenue

Wantagh NY, 11793

$1,450,000


U

Commercial

Built in 1952

Calling All Investors, Developers & End-Users!!! 6,600+ Sqft. Office Building With Private Parking Lot On Wantagh Avenue For Sale!!! The Building Features Excellent Signage, Great Exposure, Strong Zoning, 28 Parking Spaces, Private Parking Lot, High 10' Ceilings, 2 Strategically Placed Curb Cuts, All New LED Lighting, Sprinklers, 3 Phase 600 Amp Power, CAC, +++!!! The Property Is Located In Wantagh On Busy Wantagh Avenue Just Minutes From The Southern State Parkway!!! The Building Is Situated Just Off Route 105 In Between The Wantagh Parkway & Route 135!!! Neighbors Include Starbucks, Verizon, USPS, UPS, FedEx, Walmart, Chase Bank, TD Bank, Webster Bank, Citizen's Bank, CVS, 7-Eleven, Dunkin', Shell, Iavarone Brother's, Petco, Aboff's Paints, Chipotle, Smashburger, Taco Bell, Burger King, KFC, +++!!! This Property Has A Daily Traffic Count Of 18,100+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property Or Home For Your Business!!! Income: 2nd Floor: 400 Sqft.: $10,800 Ann. Lease Exp.: 1/1/24. 200 Sqft.: $7,920 Ann. M-M. 200 Sqft. Office: $16,800 Ann. (Available) 200 Sqft. Office: $16,800 Ann. (Available) 400 Sqft.: $20,400 Ann. (Available) 1st Floor: 2,441 Sqft. Office: $78,741 Ann. (Available) LL Office (2,400 Sqft.): $28,000 Ann. (Available) Pro Forma Gross Income: $179,461 Ann. Expenses: Electric: $763 Ann. (Common Areas Only) Gas: $4,822 Ann. (Common Areas Only) Insurance: $3,223 Ann. Maintenance & Repairs: $250 Ann. Taxes: $46,729 Ann. Total expenses: $55,787 Ann. Net Operating Income (NOI): $123,674 Ann. (Pro Forma 8.53 Cap!!!)

3534400

MLS ID

February 28, 2024

Listed

May 9, 2024

Updated

Map

1220 Wantagh Avenue
Wantagh NY, 11793

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.3 Acres

Other Property Details

Taxes

$46,729


Tax Frequency

Annually


Days on Market

62


Garage

No


View

No


County

Nassau


Municipality

Hempstead


Pool

No

Listing History

Date

Event

Price

5/1/2024

Pending

3/14/2024

Price Change

$1,450,000

-9%

Listed by Richard Matt Shane  with All Island Estates Realty Corp
Listing Contact: 516-783-5600 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Elaine Richheimer shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 8:37 AM UTC, 5/9/2024

  

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