$850,000
$1,150,000
26.1%For more information regarding the value of a property, please contact us for a free consultation.
633 Wadleigh AVE West Hempstead, NY 11552
2,200 SqFt
Key Details
Sold Price $850,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $386
MLS Listing ID KEYL3548560
Sold Date 11/14/24
Originating Board onekey2
Rental Info No
Year Built 1923
Annual Tax Amount $18,808
Lot Dimensions 100x175
Property Description
Calling All Investors, Developers, & End-Users!!! Amazing Metal Scrap Yard For Sale!!! The Property Features A Warehouse, Huge Yard, High 12' Ceilings, Excellent Signage, Great Exposure, Outdoor Storage, Strong Zoning, 86 Parking Spaces, Separate Meters, Fenced Yard, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of West Hempstead & Has Been Home To A Successful Metal Recycling Facility For 100+ Years!!! The Property Is Situated 6 Blocks From Lakeview LIRR Station, 2 Blocks From Southern State Parkway & 5 Miles From JFK Airport!!! Neighbors Include NY Equestrian Center, 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!!! Income: 180' x 60' Yard: $84,000 Ann. (Available) 10' x 30' Yard (Contractor): $9,000 Ann. (Available) 20' x 60' Yard (Contractor): $19,200 Ann. (Available) Front Parking: $9,600 Ann. (Available) 30' x 30' Yard: $12,000 Ann. (Available) Office (600 Sqft.): $15,600 Ann. (Available) 2,000 Sqft. Warehouse(Contractor): $30,000 Ann. (Available) 30' x 30' Garage (Contractor): $12,000 Ann. (Available) Pro Forma Gross Income: $191,400 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Insurance: $2,058 Ann. Taxes: $18,808 Ann. Total Expenses: $20,866 Ann. Net Operating Income (NOI): $170,714 Ann. (Pro Forma 14.83 Cap!!!)
Location
State NY
County Nassau County
Interior
Fireplace No
Exterior
Total Parking Spaces 36
Private Pool No
Building
Story 1
Others
Special Listing Condition None
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Bought with All Island Estates Realty Corp