$ 12,999,999
613-641 Eagle AVE West Hempstead, NY 11552
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 12,999,999
Est. payment /mo
Active
613-641 Eagle AVE West Hempstead, NY 11552
1.52 Acres Lot
UPDATED:
09/19/2024 05:17 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3530043
Originating Board onekey
Rental Info No
Year Built 2012
Annual Tax Amount $14,000
Lot Size 1.520 Acres
Acres 1.52
Lot Dimensions 206x200
Property Description
Calling All Investors, Developers, & End-Users!!! Once In A Lifetime Opportunity To Own A State Of The Art Equestrian Center + 25 Acre Upstate Annex!!!he The Property Features A Newly Built Indoor Equestrian Center, 775 Acres Of Permitted Land, 3 Adjoining Rental Homes, State Park Permit, 30,000 Sqft. Steel Insulated Building W/40' Ceilings, 63 Stalls, Excellent Signage, Great Exposure, Storage Area, Classroom, Tack Room, 80x160 Arena, Strong Zoning, 42 Parking Spaces, Separate Meters, 11,000 Sqft. Mezzanine, 6 Lots, Sprinkler System, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of West Hempstead & Is The Only Equestrian Center In The Area!!! The Property Is Situated 2 Blocks From Lakeview LIRR Station, 1 Block From Southern State Parkway & 5 Miles From JFK Airport!!! Neighbors Include The Home Depot, Stop & Shop, CubeSmart Self Storage, Dunkin', CVS, Regal Cinemas, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! A 20 Acre Upstate Annex With A 3,500 Sqft. Farm House + 15,000 Sqft. Barn Can Be Bought In Addition For Only $300k!!! Income: Business (2024 Projected) $2,000,000 Gross; $1,000,000 Net Equestrian Center (41,000 Sqft.): $396,459.96 Ann. 4 Br., 3 Bath House (2,200 Sqft.): $48,000 Ann. 4 Br., 2.5 Bath House (2,000 Sqft.): $45,600 Ann. 3 Br., 2 Bath House (2,000 Sqft.) : $42,000 Ann. 625 Eagle Ave. Classroom (1,300 Sqft.): $$60,000 Ann. Upstate 5 Br., 2 Bath House (3,500 Sqft.): $21,600 Ann. (Available) 15,000 Sqft. Barn + Farm (19 acres): $18,000 Ann. (Available) Pro Forma Gross Income: $2,631,659.96 Ann. Expenses: Insurance: $9,817 Ann. Taxes: $20,000 Ann. Business Expenses: $1,000,000 Ann. Total Expenses: $1,029,817 Net Operating Income (NOI): $1,601,842.96 Ann. (Pro Forma 12.33 Cap!!!)
Location
State NY
County Nassau
Zoning SpecialUse
Interior
Fireplace No
Building
Story 2
Sewer Public Sewer
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • 516-783-5600