1540 New York Avenue, Huntington Station, NY

Market Price

Price

10,000 sqft

Building Size

B

Class

Overview
Building Size
10,000 sqft
Class
B
Year Built
1957
Price Per Sqft
$220
Tenancy
Multiple
Floors
2
Parking Spots
58
Restrooms
7
Investment Strategy
Opportunistic
Description

Sale Price $2,200,000. Ideal location that brings value to investment portfolios for the following reasons. 1. This location offers convenience, it has close proximity to bus stops, taxi service and the LIRR. This high traffic location gives existing and potential new clients convenience for goods and services with close proximity to your health care facility. 2. Footprint of 10,000 sq. ft. on the main level with 11 office spaces and additional 10,000 sq. ft. on the lower level complete with a loading dock. 3. Area parking is at a premium. This site has one of the largest parking lots around with over 50 parking spaces. You'll have more than ample parking accommodations. 4. ROI property should increase in value within a few months after closing purchase. The construction installation of sewer pipes lines is scheduled to begin December 2024. 5. Plans have already been submitted to build multi story 16 units modern apartments above the building. This has the potential to bring in a steady stream of income and rent roll to help with overhead costs. On site housing can also be used as a hiring incentive for present or future staff. In conclusion due diligence indicates this to be a prime location and a sound financial investment acquisition. Please view the attached links. https://www.governor.ny.gov/news/governor-hochul-announces-huntington-station-10-million-long-island-winner-sixth-round and https://myelisting.com/listing/312239/1500-new-york-avenue-huntington-station-ny-11746/


Location
Gallery