Sold
1220 Wantagh Avenue
Wantagh NY, 11793
$1,385,000
Sold
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
October 10, 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 |
---|---|---|
7/30/2024 | Sold | $1,385,000 |
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 7:33 PM UTC, 10/10/2024