West Hempstead NY Real Estate & Commercial for Sale

Listing Write Up For 627-635 Wadleigh Ave, W. Hempstead: Calling All Investors, Developers, & End-Users!!! Amazing 10 Unit Metal Scrap Yard For Sale!!! The Property Features A Warehouse, Huge Yard, 3 Br. 1.5 Bath House, High 12' Ceilings, Excellent Signage, Great Exposure, 3 Lots, Garage, Outdoor Storage, Strong Zoning, 86 Parking Spaces, Separate Meters, Private Driveway, Fenced Yard, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of West Hempstead & Has Been Home To A Successful Metal Recycling Facility For 100+ Years!!! The Property Is Situated 6 Blocks From Lakeview LIRR Station, 2 Blocks From Southern State Parkway & 5 Miles From JFK Airport!!! Neighbors Include NY Equestrian Center, The Home Depot, Stop & Shop, CubeSmart Self Storage, Dunkin', CVS, Regal Cinemas, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 180' x 60' Yard: $84,000 Ann. 10' x 30' Yard (Contractor): $9,000 Ann. 20' x 60' Yard (Contractor): $19,200 Ann. Front Parking: $9,600 Ann. (Available) 30' x 30' Yard: $12,000 Ann. (Available) Office (600 Sqft.): $15,600 Ann. (Available) 2,000 Sqft. Warehouse(Contractor): $30,000 Ann. M-M. 30' x 30' Garage (Contractor): $12,000 Ann. M-M. 3 Br., 1.5 Bath House: $39,000 Ann. + Utilities. M-M. Been Here 5+ Years So Far. Full Basement. Pro Forma Gross Income: $230,400 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Insurance: $3,058 Ann. Taxes: $35,438.17 Ann. Total Expenses: $38,496.17 Ann. Net Operating Income (NOI): $191,903.83 Ann. (Pro Forma 8.44 Cap!!!)

Calling All Investors, Developers, & End-Users!!! Once In A Lifetime Opportunity To Own A State Of The Art Equestrian Center + 25 Acre Upstate Annex!!!he The Property Features A Newly Built Indoor Equestrian Center, 775 Acres Of Permitted Land, 3 Adjoining Rental Homes, State Park Permit, 30,000 Sqft. Steel Insulated Building W/40' Ceilings, 63 Stalls, Excellent Signage, Great Exposure, Storage Area, Classroom, Tack Room, 80x160 Arena, Strong Zoning, 42 Parking Spaces, Separate Meters, 11,000 Sqft. Mezzanine, 6 Lots, Sprinkler System, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of West Hempstead & Is The Only Equestrian Center In The Area!!! The Property Is Situated 2 Blocks From Lakeview LIRR Station, 1 Block From Southern State Parkway & 5 Miles From JFK Airport!!! Neighbors Include The Home Depot, Stop & Shop, CubeSmart Self Storage, Dunkin', CVS, Regal Cinemas, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! A 25 Acre Upstate Annex With A 3,500 Sqft. Farm House + 15,000 Sqft. Barn Can Be Bought In Addition For Only $300k!!! Income: Business (2024 Projected) $2,000,000 Gross; $1,000,000 Net Equestrian Center (41,000 Sqft.): $396,459.96 Ann. 4 Br., 3 Bath House (2,200 Sqft.): $48,000 Ann. 4 Br., 2.5 Bath House (2,000 Sqft.): $45,600 Ann. 3 Br., 2 Bath House (2,000 Sqft.) : $42,000 Ann. 625 Eagle Ave. Classroom (1,300 Sqft.): $$60,000 Ann. Upstate 5 Br., 2 Bath House (3,500 Sqft.): $21,600 Ann. (Available) 15,000 Sqft. Barn + Farm (24 acres): $18,000 Ann. (Available) Pro Forma Gross Income: $2,631,659.96 Ann. Expenses: Insurance: $9,817 Ann. Taxes: $20,000 Ann. Business Expenses: $1,000,000 Ann. Total Expenses: $1,029,817 Pro Forma Net Operating Income (NOI): $1,601,8422.96 Ann.

Well-maintained Tudor style building at signalized corner. Mixed use consisting of 2 apartments, 2 bedrooms & 1 bedroom, 2 retail stores and 2 car garage, basement. Excellent condition. Owner willing to give financing and assumable mortgage at 3.5%.