1325 M Street

Description

Calling All Investors, Developers & End-Users!!! 17,838 Sqft. 4 Unit Industrial Building Only 15 Minutes From JFK Airport For Sale!!! The Property Features Excellent Signage, Great Exposure, High 16' Ceilings, 2 Roll-Up Drive In Bays, Light Manufacturing (710.24) Zoning, 28 Parking Spaces, Frontage On 3 Streets, Basement With 12' Ceilings, 3 Phase Power, Side Yard, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Elmont Near The Southern State Pkwy. Just Minutes From The Cross Island Pkwy.!!! The Building Has 339+ Feet Of Wrap-Around Frontage On Busy Meacham Avenue, M Street & N Street!!! Neighbors Include Audi, Starbucks, UPS, Verizon, The Home Depot, Target, Stop & Shop, CubeSmart Self Storage, AutoZone, CVS, T.J. Maxx, Walgreens, Marshalls, McDonald's, Red Mango, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site/ The Next Home For Your Business!!! Income: Service Station Vending Equipment (2,100 Sqft.): $66,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27. Stroller Company (500 Sqft.): $7,200 Ann.; M-M. No Limits Party Rental (4,200 Sqft.): $60,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27. Office (1,100 Sqft.): $34,800 Ann.; 3% Ann. Inc.; Lease Exp.: 4/1/27. Can Be Delivered Vacant If Need Be. LL (10,000 Sqft., 12' Ceiling Warehouse): $180,000 Ann. (Available) Pro Forma Gross Income: $348,000 Ann. Expenses: Gas: $2,400 Ann. Electric: $6,000 Ann. Maintenance & Repairs: $2,500 Ann. Insurance: $5,800 Ann. Snow & Landscape: $0 Ann. Water: $382 Ann. Taxes: $72,483.51 Ann. Total Expenses: $91,365.51 Ann. Pro Forma Net Operating Income (NOI): $256,634.49 Ann.