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510 Park Blvd 3 unit Strip Center, Massapequa Park, NY 11762

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ID: 18
510 Park Blvd 3 unit Strip Center, Massapequa Park, NY 11762
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$1,700,000.00

(Currently Sold Out. Inquire for availability)
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Property Description

Introducing an incredible investment opportunity at 510-514 Park Blvd., Massapequa Park, NY 11762!

This outstanding shopping center offers a total yearly income of $149,400 and a net operating income of $88,694, boasting a solid cap rate of 5.2%. The property, built in 1953 and 1965, features three units totaling 12,432 sq. ft., with buildings spanning 7,216 sq. ft. The recent roof installment adds value with an age of only 10 years. With yearly expenses of $54,730, including taxes, insurance, and more, this investment property presents a lucrative opportunity for savvy investors.

The location is zoned for Business G, ideal for a range of commercial uses. Don't miss out on the chance to own a well-maintained and profitable asset in a prime Massapequa Park location.

Take advantage of this rare chance to acquire a successful income-producing property in a desirable area!

BUILDING INFORMATION

  • 7,216
  • 7,216
  • 100%
  • 3
  • 1953/1965
  • 2
  • 1
  • 12,432
  • 8

PROPERTY TYPE

  • Retail
  • Shopping Center
  • C
  • Gross
  • Multi
  • 3
  • 2 years
  • Business G
  • 100%

PRICING

  • $1,700,000
  • $25,000 min.
  • $235.59
  • 5.22%
  • $88,694