386 Lake Ave
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386 Lake Ave
1,576 SF Retail Building Saint James, NY 11780 $1,683,954 CAD ($1,068 CAD/SF)
Investment Highlights
- Calling All Investors, Developers, End-Users & Entrepreneurs!!! Successful Corner Gas Station + Repair Shop For Sale!!!
- The Property Is Located In The Heart Of Saint James On Lake Avenue Less Than 3 Blocks From The Saint James LIRR Station!!!
- Neighbors Include Starbucks, USPS, Mercedes, Lexus, Acura, Kia, Toyota, Jeep-Dodge-Ram, Chevrolet, Mazda, TD Bank, King Kullen, 7-Eleven, +++!!!
- The Property Features Great Exposure, Excellent Signage, New Pumps, New Double Walled Fiberglass Tanks, Strong Central Business Zoning, +++!!!
- The Property Has 115+ Feet Of Frontage On Busy Lake Avenue!!!
- This Property Can Be Purchased With 255 Lake Avenue For Only $2.25m!!!
Executive Summary
Calling All Investors, Developers, End-Users & Entrepreneurs!!! Successful Corner Gas Station + Repair Shop For Sale!!! The Property Features Great Exposure, Excellent Signage, New Pumps, New Double Walled Fiberglass Tanks, Strong Central Business Zoning, 3 Strategically Placed Curb Cuts, 8k Gallon Regular Tanks, 8k Gallon Premium Tank, 8k Gallon Mid-Grade Blend Tank, 38 Parking Spaces, High 14’ Ceilings, 3 Phase Power, Security System, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Saint James On Lake Avenue Less Than 3 Blocks From The Saint James LIRR Station!!! The Property Has 115+ Feet Of Frontage On Busy Lake Avenue!!! Neighbors Include Starbucks, USPS, Mercedes, Lexus, Acura, Kia, Toyota, Jeep-Dodge-Ram, Chevrolet, Mazda, TD Bank, King Kullen, 7-Eleven, Dunkin’, Whole Foods, Costco, BP Gas, Lowe’s, Trader Joe’s, Macy’s, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site, Investment Property Or Home For Your Business!!! This Property Can Be Purchased With 255 Lake Avenue For Only $2.25m!!!
Income:
2 Bay Auto Repair: $48,000 Ann. Lease Exp.: 2025
Expenses:
Taxes: $17,421 Ann.
Income:
2 Bay Auto Repair: $48,000 Ann. Lease Exp.: 2025
Expenses:
Taxes: $17,421 Ann.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$68,039
|
$43.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$68,039
|
$43.17
|
| Taxes |
$24,694
|
$15.67
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$24,694
|
$15.67
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $68,039 |
| Annual Per SF | $43.17 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $68,039 |
| Annual Per SF | $43.17 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,694 |
| Annual Per SF | $15.67 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $24,694 |
| Annual Per SF | $15.67 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,576 SF
Building Class
C
Year Built
1950
Price
$1,683,954 CAD
Price Per SF
$1,068 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Land Acres
0.25 AC
Parking
5 Spaces (3.17 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Corner Lot
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
Walk Score ®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 0800-056-00-04-00-042-000 | Total Assessment | $9,655 CAD |
| Land Assessment | $2,327 CAD | Annual Taxes | $24,694 CAD ($15.67 CAD/SF) |
| Improvements Assessment | $7,328 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0800-056-00-04-00-042-000
Land Assessment
$2,327 CAD
Improvements Assessment
$7,328 CAD
Total Assessment
$9,655 CAD
Annual Taxes
$24,694 CAD ($15.67 CAD/SF)
Tax Year
2023
-
Matthew Shane -
All Island Commercial
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386 Lake Ave
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