Active

385 Silver Lane

Oceanside NY, 11572

$2,599,999


Active

Commercial

Built in 1970

Calling All Investors, Developers & End-Users!!! 1+ Acre 5 Unit Development Site For Sale!!! The Property Features Great Exposure, Excellent Signage, 200 Amp, High 26' Ceilings, 15 Parking Spaces, 3 Br. House, Garage, 4 Greenhouses, Strategically Placed Curb Cuts, Strong Zoning, CAC, +++!!! The Property Is Located In The Heart Of Oceanside 1 Block Off Busy Atlantic Avenue!!! Neighbors Include Audi, Amazon, Nike, Costco, 7-Eleven, Dunkin, Walgreens, HomeGoods, Trader Joe's, IHOP, KFC, +++!!! According To The Owner An 84 Unit Assisted Living Facility Is Being Built Next Door To This Property. The Entire Property Can Be Delivered Vacant If Need Be. This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site / Home For Your Business!!! Income: Main 3 Br. House: 1,800 Sqft.: $48,000 Ann. (Available) 6,000 Sqft. Greenhouse: $84,000 Ann. (Available) (2) 5,000 Sqft. Greenhouses: $75,000 Each Ann. (Available) 2,000 Sqft. Greenhouse: $32,000 Ann. (Available) Pro Forma Gross Income: $314,000 Ann. Expenses: Maintenance & Repairs: $250 Ann. Insurance: $4,000 Ann. Taxes: $48,158.68 Ann. Total Expenses: $52,408.68 Ann. Net Operating Income (NOI): $261,591.32 Ann. (Pro Forma 10.06 Cap!!!)

3530000

MLS ID

February 6, 2024

Listed

December 2, 2024

Updated

Map

385 Silver Lane
Oceanside NY, 11572

Interior Features

Total Stories

1


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

1.17 Acres

Other Property Details

Taxes

$48,158


Tax Frequency

Annually


Garage

No


View

No


County

Nassau


Municipality

Hempstead


Pool

No

Listing History

Date

Event

Price

8/9/2024

Price change

$2,599,999

-4%

6/21/2024

Price change

$2,690,000

-8%

5/13/2024

Price change

$2,899,000

-3%

Listed by Richard Matt Shane  with All Island Estates Realty Corp
Listing Contact: 516-783-5600 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Nicholas Santillo shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 OneKey MLS. All rights reserved.    

Data last updated 5:46 PM UTC, 12/2/2024

  

Powered byLuxury Presence