Calling All Investors, Developers & End-Users!!! 12.55 Cap 9, 700+ Sqft. 4 Unit Mixed-Use Property With Huge Parking Lot For Sale!!! The Building Features Excellent Signage, Great Exposure, Restaurant, Bar, 32 Parking Spaces, High 9’ Ceilings, J-2 Zoning, 4 Lots, All New LED Lighting, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Rocky Point On Broadway Only 2 Blocks From Route 25A!!! Neighbors Include Starbucks, Tesla, Stop & Shop, Public Storage, Planet Fitness, CVS, Dunkin’, 7-Eleven, Teacher’s Federal Credit Union, Tropical Smoothie Cafe, Kohl’s, Costello Ace Hardware, Mavis Discount Tire, McDonald’s, Jiffy Lube, Jersey Mike’s Subs, Trader Joe’s, +++!!! The Property Has 65’ Of Frontage On Broadway + 100’ Of Frontage On Eagle Road!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Bar/Restaurant (3, 600 Sqft. + 1, 000 Sqft. LL): $98, 400 Ann.; Lease Exp.: 3/1/2035. Greek Restaurant (1, 307 Sqft.): $20, 400 Ann.; Lease Exp.: 2031. 1 BR. Apt. (1, 000 Sqft.): $14, 400 Ann.; M-M. Studio Apt. (400 Sqft.): $21, 600 Ann. (Available) Parking Lot/Yard: $24, 000 Ann. (Available) Bar Tax Rebate: $21, 600 Ann. Greek Restaurant Tax Rebate: $7, 000 Ann. Pro Forma Gross Income: $207, 400 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $3, 823 Ann. Water: $0 Ann. Taxes: $27, 625.79 Ann. Total Expenses: $31, 698.79 Ann. Net Operating Income (NOI): $175, 701.21 (Pro Forma 12.55% Cap!!!)
