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613-641 Eagle Avenue, West Hempstead, NY, 11552 $14,888,000

Mixed Use Commercial  

Property Picture
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Details ML#: 3530043  

  • # of Families: 4
  • Sale or Rent:Sale
  • Year Built: 2012
  • Taxes: $130,673
  • Status:Active

Description

Calling All Investors, Developers, & End-Users!!! Once In A Lifetime Opportunity To Own A State Of The Art Equestrian Center + 25 Acre Upstate Annex!!!he The Property Features A Newly Built Indoor Equestrian Center, 775 Acres Of Permitted Land, 3 Adjoining Rental Homes, State Park Permit, 30, 000 Sqft. Steel Insulated Building W/40’ Ceilings, 63 Stalls, Excellent Signage, Great Exposure, Storage Area, Classroom, Tack Room, 80x160 Arena, Strong Zoning, 42 Parking Spaces, Separate Meters, 11, 000 Sqft. Mezzanine, 6 Lots, Sprinkler System, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of West Hempstead & Is The Only Equestrian Center In The Area!!! The Property Is Situated 2 Blocks From Lakeview LIRR Station, 1 Block From Southern State Parkway & 5 Miles From JFK Airport!!! Neighbors Include The Home Depot, Stop & Shop, CubeSmart Self Storage, Dunkin’, CVS, Regal Cinemas, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! A 25 Acre Upstate Annex With A 3, 500 Sqft. Farm House + 15, 000 Sqft. Barn Can Be Bought In Addition For Only $300k!!! Income: Business (2024 Projected) $2, 000, 000 Gross; $1, 000, 000 Net Equestrian Center (41, 000 Sqft.): $396, 459.96 Ann. 4 Br., 3 Bath House (2, 200 Sqft.): $48, 000 Ann. 4 Br., 2.5 Bath House (2, 000 Sqft.): $45, 600 Ann. 3 Br., 2 Bath House (2, 000 Sqft.) : $42, 000 Ann. 625 Eagle Ave. Classroom (1, 300 Sqft.): $$60, 000 Ann. Upstate 5 Br., 2 Bath House (3, 500 Sqft.): $21, 600 Ann. (Available) 15, 000 Sqft. Barn + Farm (24 acres): $18, 000 Ann. (Available) Pro Forma Gross Income: $2, 631, 659.96 Ann. Expenses: Insurance: $9, 817 Ann. Taxes: $20, 000 Ann. Business Expenses: $1, 000, 000 Ann. Total Expenses: $1, 029, 817 Pro Forma Net Operating Income (NOI): $1, 601, 8422.96 Ann.

More Property Details

Property Features

Lot Size: 1.52   Lot Sq Ft: 66000   Stories: 2  

Appliances & Utilities

Sewer: Public Sewer  

Financial

Taxes: $130,673  

Local Area Information

Zoning: SpecialUse   Block: 425   Lot: 7  

Listing Information provided courtesy of All Island Estates Realty Corp  516-783-5600
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