Calling All Investors, Developers & End-Users!!! Huge 15 Parcel, 10 Unit Corner To Corner Mixed-Use 2.84 Acre (123,709 Sqft.) Development Site For Sale!!! Located On Busy Montauk Highway. The Property Offers Great Exposure, Excellent Signage, Separate Meters, Ample Parking, Strategically Placed Curb Cuts, +++!!! The Property Features A Car Dealership, Smoke Shop, 6 Houses, A 4 Car Garage, A 2 Car Garage & 7 Additional Lots Of Which 5 Of The 7 Lots Are Buildable According To The Owner. The Property Offers 527’ Of Frontage On Busy Montauk Highway, 595’ Of Frontage On Classon Avenue, 522’ Of Frontage On Pershing Street & 178’ Of Frontage On Denton Place. The Property Is Located Across The Street From Dunkin’ Donuts. Neighbors Included McDonald’s, Walgreens, Burger King, CVS, AutoZone, State Farm, Dominos, +++!!! This Portion Of Montauk Highway Haw A Daily Traffic Count Of Over 22,500 Cars Per Day!!! 5 Corner Lots Are Included In This Sale. All Roofs Were Redone Within The Past 10 Years. All Units Are Rented M-M. The Owner Hasn’t Raised The Rents In Years. Many Tenants Have Been Here For Over 20 Years; One Has Been Here Over 35 Years!!! The Property Can Be Delivered Vacant If Need Be. Included In The Sale: 1512 Montauk Highway, 1518 Montauk Highway, 1528 Montauk Highway, 1530 Montauk Highway, 1540 Montauk Highway, 11 Pershing Street, 15 Classon Avenue, 17 Classon Avenue, 27 Classon Avenue + 7 Additional Lots. This Could Be Your Next Development Site/ Location!!!
Expenses:
Gas: $0
Oil: $0
Electric: $0
Taxes: $58,132
Insurance: $4,527
Maintenance & Repairs: $250
Water: $0
Total Expenses: $62,909
1518 Montauk Highway: 4 Br House (2,500 Sqft.)
2 Car Garage: (527 Sqft.)
1528 Montauk Highway: 2 Bedroom House (950 Sqft.)
1530 Montauk Highway: Smoke Shop (800 Sqft.)
1540 Montauk Highway: Car Lot (400 Sqft.)
11 Pershing Street: 1 Br House (850 Sqft.)
4 Car Garage (1,800 Sqft.)
15 Classon Avenue: 2 Br House (1,200 Sqft.)
17 Classon Avenue: 3 Br House (2,500 Sqft.)
27 Classon Avenue: 2 Br House (1,200 Sqft.)