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32-38 Atlantic Avenue Lynbrook, NY 11563
$2,200,000
  • Commercial
  • Year Built 1956
  • Retail
  • ML# 3580925

Property Details

Overview

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.

Key Facts

  • Lot Size: 0.25
  • Lot Sq Ft: 10850
  • Taxes: $69,790
  • Sale or Rent: Sale
  • Zoning: Retail
  • Block: 521
  • Lot: 15

Additional Features

  • Stories: 2

Financial

  • Taxes: $69,790
Listing Information provided courtesy of All Island Estates Realty Corp  516-783-5600
OneKeyâ„¢ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKeyâ„¢ MLS
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Jeanne Posillico Leonard

Jeanne Posillico Leonard

Licensed Associate Broker

Direct: 631.692.9298 Email: