Calling all investors, developers, & end-users!!! Successful 3 bay auto repair shop with 2 private parking lots & a huge gated yard for sale!!! The property features great exposure, excellent signage, strong auto repair/e business zoning, 3 bays, dedicated turning lane, 2 new oil tanks, 2 private parking lots, waiting room, 3 lots, 2 strategically placed curb cuts, 58 parking spaces, high 17' ceilings, huge gated yard, 3 phase power, 2 skylights, 800 sqft. Basement, all new led lighting, cac, +++!!! The property is located on busy little east neck road in between the southern state pkwy. & lirr station!!! Neighbors include starbucks, u-haul, extra space storage, 7-eleven, dunkin', valero, shell, cvs, penske truck rental, educational bus company, taco joe's, burger king, carvel, domino's, +++!!! This successful repair shop has been in business for 39+ years!!! This property has a daily traffic count of 31, 200 vehicles per day!!! This property offers huge upside potential!!! This could be your next development site, investment property or home for your business!!! Income: 3 bay repair shop with parking lot: $84, 000 ann. (available) rear yard with office: $60, 000 ann. (available) pro forma gross income: $144, 000 ann. Expenses: oil: $0 ann. Electric: $0 ann. Insurance: $1, 383 ann. Snow & landscape: $0 ann. Taxes: $16, 202 ann. Total expenses: $17, 585 ann. Net operating income (noi): $126, 415 ann. (pro forma 9. 72% cap!!! )
Location/Town | Wyandanch |
Area/County | Suffolk |
Prop. Type | Commercial Sale |
Tax | $16,202.00 |
# Stories | 1 |
Total Units | 2 |
Lot Size | 161x108 |
Lot SqFt | 30,403 |
Heat Source | Oil |
Zoning | Auto Rep |
Tax Lot | 8 |
Units | 2 |
Listing information courtesy of: All Island Estates Realty Corp |