601-603 W Montauk Highway, Lindenhurst, NY 11757

Property Description

Calling All Investors, Developers & End-Users!!! 8.32% Cap 3,200 Sqft. 2 Unit Retail Building With Private Parking On Montauk Highway For Sale!!! The Property Is Located In The Heart Of Lindenhurst Midway Between Great Neck Road & Wellwood Avenue!!! The Property Features Excellent Signage, Great Exposure, E Multipurpose Zoning, 6 Parking Spaces, 2 Lots, High 8’ Ceilings, Private Driveway & Parking, Strategically Placed Curb Cut, 200 Amp Power, All New LED Lighting, A/C+++!!! The Property Has 60’ Of Frontage On Busy Montauk Highway!!! Neighbors Include Starbucks, FedEx, Verizon, Chevrolet, Honda, Ulta Beauty, 7-Eleven, CVS, Marshalls, Costello’s Ace Hardware, Firestone, Advance Auto Parts, Panera Bread, Ralph’s Famous Italian Ices, McDonald’s, Dollar Tree, Five Below, Popeyes Louisiana Kitchen, IHOP, +++!!! 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: 601 (1,600 Sqft. Store): $42,000 Ann. (Available) 603 (1,600 Sqft. Store): $21,600 Ann. M-M. Pro Forma Gross Income: $63,600 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Water: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $2,816 Ann. Taxes: $19,000 Ann. Total Expenses: $22,066 Ann. Net Operating Income (NOI): $41,534 Ann. (Pro Forma 8.32% Cap!!!)