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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
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.
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
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
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
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2089-33-604-00-0010-0 | Total Assessment | $3,614 (2024) |
| Land Assessment | $2,489 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,125 (2024) | Tax Year | 2023 |
PROPERTY TAXES
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Auto Repair - User / Investor Great CAP Rate | 980 Washington St
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