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Auto Repair - User / Investor Great CAP Rate 980 Washington St

3,000 SF Vacant Retail Building Franklin Square, NY 11010 $2,999,999 ($1,000/SF) 16.67% Cap Rate

Executive Summary

Established Auto Repair facility ( 2,550sf building on a plot
of 10,160sf ) completely upgraded & improved for lease at
$9,999 pm Triple NET. This prime location is a profitable auto repair business,
a used car dealer, transport
business, Dealer License, is listed on the Tesla charger map, and an EV Charger business. A list of all the
renovations and options is attached. Possible sale (
$2,999,999 ) or sale / leaseback options. Business has an updated inspection license machine, 30 parking spots, and upgraded solar panels. 2nd floor mezzanine office of 450sf. An excellent
user/investor situation for an operator that essentially can
be "hands off ". NOI is $516,815 Seller financing is available.

Attachments

980 WASHINGTON STREET--Data

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,000 SF
Year Built/Renovated
1970/2022
Price
$2,999,999
Price Per SF
$1,000
Cap Rate
16.67%
NOI
$500,000
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.30
Lot Size
0.23 AC
Zoning
x - Zone X. Can be used for multiple business uses as well as multi-family
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 3,000 SF
  • Retail
  • -
  • Now

Established Auto Repair facility ( 2,550sf building on a plot of 10,160sf ) completely upgraded & improved for lease at $9,999 pm Triple NET. This prime location is a profitable auto repair business, a used car dealer, transport business, Dealer License, is listed on the Tesla charger map, and an EV Charger business. A list of all the renovations and options is attached. Possible sale ( $2,999,999 ) or sale / leaseback options. Business has an updated inspection license machine, 30 parking spots, and upgraded solar panels. 2nd floor mezzanine office of 450sf. An excellent user/investor situation for an operator that essentially can be "hands off ". NOI is $516,815 Seller financing is available

Space Size Space Use Position Available
1st Floor 3,000 SF Retail - Now

1st Floor

Size
3,000 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 3,000 SF
Space Use Retail
Position -
Available Now

Established Auto Repair facility ( 2,550sf building on a plot of 10,160sf ) completely upgraded & improved for lease at $9,999 pm Triple NET. This prime location is a profitable auto repair business, a used car dealer, transport business, Dealer License, is listed on the Tesla charger map, and an EV Charger business. A list of all the renovations and options is attached. Possible sale ( $2,999,999 ) or sale / leaseback options. Business has an updated inspection license machine, 30 parking spots, and upgraded solar panels. 2nd floor mezzanine office of 450sf. An excellent user/investor situation for an operator that essentially can be "hands off ". NOI is $516,815 Seller financing is available

Walk Score ®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Chase Bank
Webster Bank
Citi
Tim Hortons
Cko Kickboxing
Capital One
Key Food
TD Bank
Philly Pretzel Factory
Valley National Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2089-33-604-00-0010-0
Land Assessment
$2,489 (2024)
Improvements Assessment
$1,125 (2024)
Total Assessment
$3,614 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
  • Listing ID: 31764059

  • Date on Market: 5/10/2024

  • Last Updated:

  • Address: 980 Washington St, Franklin Square, NY 11010

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