438 Lake Avenue
Saint James
NY,
11780
$775,000
Calling All Investors, Developers & End-Users!!! 8.48 Cap 2 Unit Corner Retail Building In Historic Saint James For Sale!!! The Property Is Located In The Heart Of Saint James 2 Blocks From The Saint James LIRR Station!!! The Building Features Excellent Signage, Great Exposure, Strong Central Business Zoning, 8 Parking Spaces, High Ceilings, Private Driveway Parking, All New LED Lighting, CAC+++!!! The 3, 920 Sqft. Corner Building Has 54+ Feet Of Frontage On Lake Avenue & 106+ Sqft. On 3rd Street!!! 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 Investment Property Or Home For Your Business!!! Income: Bike Shop (2, 300 Sqft.): $57, 600 Ann.; 3% Ann. Inc. Starting 7/1/26. Lease Exp. 6/30/28. Interior Decorator (1, 620 Sqft.): $37, 200 Ann. Lease Exp.: 2029. Total Gross Income: $94, 800 Ann. Expenses: Gas: $0 Ann. (Tenant Pays) Electric: $0 Ann. (Tenant Pays) Water: $0 Ann. (Tenant Pays) Maintenance & Repairs: $1, 500 Ann. Insurance: $5, 000 Ann. Taxes: $20, 578.86 Ann. Total Expenses: $27, 078.86 Ann. Net Operating Income (NOI): $67, 721.14 Ann. (8.48 Cap!!!)
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516-783-5600,
(516) 279-8828,
516-279-8828,
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