613-641 Eagle Avenue , West Hempstead, NY 11552
West Hempstead, NY 11552
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 20 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 (19 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 Net Operating Income (NOI): $1,601,842.96 Ann. (Pro Forma 12.33 Cap!!!)
Details
| MLS# | 3530043 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 2012 |
| Days On Site | 247 |
| Listing Provided By | All Island Estates Realty Corp | Richard Matt Shane |
Features
| Story(s) | 2 |
|---|---|
| Units | 4 |
| Zoning | SpecialUse |
| Acreage | 1.52 |
Market Activity 11552
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Learn More About This Property
| State | NY |
|---|---|
| County | Nassau |
| City | West Hempstead |
| Zip Code | 11552 |
| Subarea | 8 |
| Listing VS Median (in 11552) | |
Price: $12,999,999 low | high Med: $729,900 On Site: 247 low | high Med: 252.000000 | |