255 Lake Ave
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255 Lake Ave
2,400 SF Retail Building Saint James, NY 11780 $1,188,000 ($495/SF)
Investment Highlights
- Calling All Investors, Developers, End-Users & Entrepreneurs!!! Successful Corner Gas Station / Repair Shop + Convenience Store For Sale!!!
- The Property Is Located In The Heart Of Saint James On Lake Avenue 6 Blocks From The Saint James LIRR Station!!!
- The Property Has 106+ Feet Of Frontage On Busy Lake Avenue!!!
- The Property Features Great Exposure, Excellent Signage, Strong Zoning, Brand New Pumps, Brand New Double Walled Fiberglass Tanks, Repair Shop, +++!!
- Neighbors Include Starbucks, USPS, Mercedes, Lexus, Acura, Kia, Toyota, Jeep-Dodge-Ram, Chevrolet, Mazda, TD Bank, King Kullen, 7-Eleven, Dunkin’, +!
- This Property Can Be Purchased With 386 Lake Avenue For Only $2.25m!!!
Executive Summary
Calling All Investors, Developers, End-Users & Entrepreneurs!!! Successful Corner Gas Station / Repair Shop + Convenience Store For Sale!!! The Property Features Great Exposure, Excellent Signage, Strong Zoning, Brand New Pumps, Brand New Double Walled Fiberglass Tanks, 2 Bay Repair Shop, 3 Strategically Placed Curb Cuts, (2) 9k Gallon Regular Tanks, 6k Gallon Premium Tank, 28 Parking Spaces, High 14’ Ceilings, Security System, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Saint James On Lake Avenue 6 Blocks From The Saint James LIRR Station!!! The Property Has 106+ 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 Or The Next Home For Your Business!!! This Property Can Be Purchased With 386 Lake Avenue For Only $2.25m!!!
Income:
2 Bay Auto Repair: $48,000 Ann. Lease Exp.: 2026.
Expenses:
Taxes: $12,572 Ann.
Income:
2 Bay Auto Repair: $48,000 Ann. Lease Exp.: 2026.
Expenses:
Taxes: $12,572 Ann.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$48,000
|
$20.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$48,000
|
$20.00
|
| Taxes |
$12,572
|
$5.24
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,572
|
$5.24
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $48,000 |
| Annual Per SF | $20.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $48,000 |
| Annual Per SF | $20.00 |
| Taxes | |
|---|---|
| Annual | $12,572 |
| Annual Per SF | $5.24 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $12,572 |
| Annual Per SF | $5.24 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Service Station
Building Size
2,400 SF
Building Class
C
Year Built
1961
Price
$1,188,000
Price Per SF
$495
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.25 AC
Zoning
C
Parking
16 Spaces (6.67 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
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0800-055-00-02-00-016-000 | Total Assessment | $4,940 |
| Land Assessment | $1,000 | Annual Taxes | $12,572 ($5.24/SF) |
| Improvements Assessment | $3,940 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0800-055-00-02-00-016-000
Land Assessment
$1,000
Improvements Assessment
$3,940
Total Assessment
$4,940
Annual Taxes
$12,572 ($5.24/SF)
Tax Year
2023
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255 Lake Ave
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