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