Asking Worth:
$8,000,000
Gross Income:
$2,070,000
Worth/Sq. Ft.:
N/A
NOI:
$690,000
Constructing SF:
40,000
FF&E:
N/A
Yr Constructed:
N/A
Youngsters/Household Leisure Heart on 2+ Acres
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Valuation Report
Property Description
AAA 40,000+ Rentable SF – VERY RARE alternative on Lengthy Island!
Solely your creativeness limits what could be performed with this extraordinary property and children leisure heart. Each this worthwhile giant youngsters’s play heart and virtually 2 ½ acres within the coronary heart of Lengthy Island with over 130 parking areas is on the market. In actual property there’s the golden rule Location, Location, Location, then this AAA 40,000 + sq. foot rentable house is a VERY RARE alternative on Lengthy Island. They’ve a really extremely seen location with great publicity and site visitors depend on a significant street in a densely populated space that can be a hub for industrial exercise, close to main highways. The leisure heart has quite a few personal celebration rooms of all sizes for birthday events, bar-bat mitzvahs, candy 16’s, and company occasions. They’ve all of it from open play, to camp actions, dinning, birthday events and crew constructing enjoyable occasions. The true property alternative is HUGE as the present facility nonetheless has near 20% of rentable house. The true property with the present emptiness fee is priced at a cap fee of 6.2, nevertheless even on a conservative mannequin with under market worth rents the cap fee is between 7.Three and eight.3. The fitting homeowners, with the precise imaginative and prescient, have an ideal alternative to probably double the worth of the constructing in just some years as the placement is unimaginable and the enterprise has great room for development. A worthwhile youngsters leisure enterprise is at present the tenant within the constructing, however the property zoning permits it’s used for medical, industrial workplaces, retail, or industrial. A brand new proprietor’s imaginative and prescient for the property might result in a brand new proprietor repurpose the present use of the ability, as the placement’s visibility, measurement, parking, comfort make this an unimaginable actual property alternative.
When you’ve got curiosity and the right experience, please contact us relating to itemizing quantity 14255.
Detailed Info
- Location:
- Nassau County, NY
- Kind:
- Retail
- Constructing SF:
- 40,000
- Constructing Standing:
- Established
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Property
Listed By:
Ken Stein/Kensington Firm
The Kensington Firm
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