1951-1953 Grand Ave 3,533 SF 100% Leased Retail Building Baldwin, NY 11510 $1,280,664 CAD ($362.49 CAD/SF) 7.07% Cap Rate
INVESTMENT HIGHLIGHTS
- SELLER FINANCING AVAILABLE
- Ideal opportunity for investment or end-user
- 3 Unit Corner Retail Building with Private Parking
- Signalized Traffic Light (Vehicles Per Day 27,597)
EXECUTIVE SUMMARY
Excellent opportunity for investment or an owner-user to occupy their own space with additional income. This building features 3 retail units that can easily be combined if needed. Below market rents with upcoming leases. The property features a full basement and private parking. Located at a signalized traffic light with 27,000+ vehicles per day. Contact the exclusive broker for more information.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,533 SF
Building Class
C
Year Built
1948
Price
$1,280,664 CAD
Price Per SF
$362.49 CAD
Cap Rate
7.07%
NOI
$90,544 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.72
Lot Size
0.11 AC
Zoning
Business (X) - Mixed Residential district in Hempstead
Frontage
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
