Property Description

Calling All Investors, Developers & End-Users!!! 6,200 Sqft. Industrial Building + 1,400 Sqft. House For Sale Only 5 Minutes From JFK!!! The Property Features Great Exposure, Excellent Signage, 2 Drive-In Doors, 78 Parking Spaces, Multiple Offices, Waiting Room, High 14' Ceilings, 3 Phase Power, 2 In-Ground Lifts, SprayBake Downdraft Spray Booth, Security Camera System, Alarm System, All New LED Lighting, Sprinklers, CAC, +++!!! The Property Has Been Home To A Successful Auto Body Business For 65+ Years!!! The Property Is Situated In The Heart Of The Springfield Gardens On Busy Guy R Brewer Blvd. Only 4 Blocks Off The Belt Pkwy.!!! Neighbors Include Walmart, The Home Depot, Stop & Shop, Target, Best Buy, Lowe's Home Improvement, B.J.'s, BP Gas, McDonald's, Dollar Tree, Aldi, Subway, Burger King, KFC, +++!!! The Property Has A Daily Traffic Count Of 6,800+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Development Site Or The Next Home For Your Business!!! The Auto Body Business That Nets OVER $1.5M Annually Can Also Be Bought For Only $700k!!!Income: T-Mobile Cell Tower: $25,536 Ann.; 3% Ann. Inc.; Lease Exp.: 2037. 146-10: 5,000 SQFT. Building + 3,000 Sqft. Yard Space: $300,000 Ann. M-M.146-16:Tire Shop (468 Sqft.): $30,000 Ann. M-M. Been Here 20+ Years So Far.Towing Company (6,720 SQFT. Yard + 560 Sqft. Warehouse): $49,560 Ann. M-M.146-20:1st Floor Auto Parts Shop (700 Sqft.): $33,300 Ann. M-M.2nd Floor (700 Sqft.): $28,600 Ann. (Available)Pro Forma Gross Income: $466,966 Ann.Expenses: Gas: $0 Ann.Electric: $0 Ann.Maintenance & Repairs: $250 Ann.Insurance: $5,680 Ann. Water & Sewer: $1,200 Ann. Taxes: $82,284.16 Ann.Total Expenses: $89,414.16 Ann.Net Operating Income (NOI): $377,551.84 Ann. (Pro Forma 6.86% Cap!!!)

Property Features