$725,000
$750,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/03/2025
Key Details
Sold Price $725,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 889560
Sold Date 12/03/25
Rental Info No
Year Built 1954
Annual Tax Amount $19,984
Property Sub-Type Business
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! 6.65% Cap 4,300+ Sqft. 2 Unit Retail Building With Private Parking Lot On Grand Avenue For Sale!!! The Property Is Located In The Heart Of Baldwin Just A Few Blocks From Sunrise Hwy. & The Baldwin LIRR Station!!! The Property Features Excellent Signage, Great Exposure, Multiple Use (482.24) Zoning, 86 Parking Spaces, High 14' Ceilings, Full Basement, Private Driveway & Parking, Sprinklers, Strategically Placed Curb Cut, All New LED Lighting, CAC+++!!! The Building Has 30' Of Frontage On Busy Grand Avenue!!! Neighbors Include Starbucks, BMW, Mercedes-Benz, Capital One Bank, FourLeaf Federal Credit Union, The Home Depot, Best Buy, Petco, CVS, Walgreens, Dunkin', Wendy's, Jiffy Lube, Dollar Tree, +++!!! The Entire Building Can Be Delivered Vacant If Need Be!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Martial Arts Studio (4,320 Sqft.): $73,740 Ann.; Lease Exp.: 8/31/25.
Total Gross Income: $73,740 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Water: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $3,620 Ann.
Taxes: $19,984.58 Ann.
Total Expenses: $23,854.58 Ann.
Pro Forma Net Operating Income (NOI): $49,885.42 Ann. (6.65% Cap!!!)
Location
State NY
County Nassau County
Rooms
Basement Common
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Natural Gas Available
Total Parking Spaces 86
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Block,Frame
Others
Special Listing Condition None
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Bought with All Island Estates Realty Corp
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