Active

32-38 Atlantic Avenue

Lynbrook NY, 11563

$2,200,000


Active

Commercial

Built in 1956

Calling All Investors, Developers & End-Users!!! 7 Unit 9,400+ Sqft. Retail Building On A 10,850 Sqft. Lot In Lynbrook For Sale!!! The Building Features Excellent Signage, Great Exposure, Strong Zoning, 146 Parking Spaces, High 10' Ceilings, All New LED Lighting, Skylight, 200 Amp Power, CAC+++!!! The Property Is Located In The Heart Of Lynbrook Centre On Busy Atlantic Ave. Just 1 Block From The Lynbrook LIRR Station!!! The Property Is Situated Midway Between Sunrise Highway & Merrick Road!!! Neighbors Include Starbucks, Audi, Acura, Volkswagen, Northwell Health, Bethpage Federal Credit Union, Dunkin', McDonald's, Enterprise Rent-A-Car, Stand-Up MRI, Karako Suits, Cold Stone Creamery, Regal Cinemas, White Castle, IHOP, KFC, +++!!! This Property Has A Daily Traffic Count Of 4,900+ Vehicles Per Day!!! The Deli Can Be Delivered Vacant If Need Be To Accommodate An Owner-User!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property Or Home For Your Business!!! Income: Deli (3,000 Sqft.): $67,980 Ann.; 3% Ann. Inc.; Lease Exp.: 2026. Nail Salon (2,000 Sqft.): $44,496 Ann.; 3% Ann. Inc. Lease Exp.: 2026. Cooking School/Catering Facility (2,000 Sqft.): $32,136 Ann.; 3% Ann. Inc.; Lease Exp.: 2025. 2nd Floor: Suite 200 (1,500 Sqft.): $36,000 Ann.; M-M. Suite 201 (500 Sqft.): $12,000 Ann.; M-M. Suite 202 (Guidance Counselor, 600 Sqft.): $14,400 Ann.; M-M. Suite 203 (600 Sqft.): $14,400 Ann.; M-M. Expenses: Gas: $6,000 Ann. (Heat For The 2nd Floor) Electric: $6,000 Ann. Maintenance & Repairs: $5,500 Ann. Insurance: $12,000 Ann. Water: $1,000 Ann. (Tenants Pay Their Own Except Common Bathroom On 2nd Floor) Snow & Landscape: $600 Ann. Taxes: $69,789 Ann. Total Expenses: $100,289 Ann. Gross Income: $221,412 Ann.

3580925

MLS ID

September 24, 2024

Listed

November 7, 2024

Updated

Map

32-38 Atlantic Avenue
Lynbrook NY, 11563

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.25 Acres

Other Property Details

Taxes

$69,790


Tax Frequency

Annually


Garage

No


View

No


County

Nassau


Municipality

Hempstead


Pool

No

Listing History

Date

Event

Price

9/27/2024

Price change

$2,200,000

0%

Listed by Richard Matt Shane  with All Island Estates Realty Corp
Listing Contact: 516-783-5600 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Leah Tozer shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 2:54 PM UTC, 11/7/2024

  

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