ADDRESS
1468 Northern Blvd
Manhasset, NY 11030
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Industrial Re-Development Opportunity with $1,500,000 + total income from a single tenant over the next 12 years. Current income of approximately $11,000 per month, $132,000 per year. After new construction the projected annual income is $434,000. Site plans include construction of a 19,000 SF warehouse with 30' ceilings connected to an existing 8,000 SF building for a total of 27,000 SF combined. Plans include an addition to the existing 8,000 SF building that is a NNN single tenant. Photos are the 8,000 SF building and the construction site. All utilities are connected. Tenant's lease expires Sept 2025 and has two 5-year option renewals. All plans, elevations, pro forma and copy of lease is available. Site is shovel ready, income producing, and is a great location just off Route 9W.
2 months ago | Price changed to $3,000,000 | |
2 months ago | Listing first seen online | |
2 months ago | Listing updated with changes from the MLS® |
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