ADDRESS
1468 Northern Blvd
Manhasset, NY 11030
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
SELLERS FINANCING AVAILABLE! This commercial property allows you to own a cash cow investment, with 5.1 acres of the commercial property leased for parking trucks, trailers, boats, RVs, used cars, a fully leased warehouse used as an auto repair shop, and garages, additionally, it has 5 residential units. Great location, Just 4 minutes 3.4 miles off Exit 126 Florida NY. This is a value add opportunity Since all units are rented under market value, additionally, not all parking spaces are leased, and is highly demanded in the area. It's a good & easy investment since it doesn't require much maintenance, management, or repairs. This property can be redeveloped for about 100,000 sq ft industrial building, or you can just keep all the structures and build about 40,000 sf warehouse building. Property currently has a 7.71% cap rate.
4 months ago | Price changed to $4,977,000 | |
4 months ago | Listing first seen online | |
4 months ago | Listing updated with changes from the MLS® |
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