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613-641 Eagle Avenue

W. Hempstead, NY 11552
  • $13,888,000
  • STATUS: Active
  • ON SITE: 164 Days
  • MLS #: 3530043
UPDATED: 45 min ago
$13,888,000
  • 0
    BEDS
  • 1.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2012
County:
Area:

School Ratings & Info

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!!! 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 Net Operating Income (NOI): $1,601,842.96 Ann. (Pro Forma 11.54 Cap!!!) , or

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeService Hudson Valley Properties. Data last updated: 2024-07-20T16:19:08.997.
www.greathudsonvalleyhomes.com/homes/147341124
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613-641 Eagle Avenue W. Hempstead, NY 11552

  • Price: $13,888,000
  • Status: Active
  • On Site: 164 Days
  • Updated: 45 min ago
  • MLS #: 3530043
0
Beds
0
Baths
0
½ Baths
1.52
Acres
2012
Built
Neighborhood:
Hempstead
County:
Nassau
Area:
Hempstead
Property 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!!! 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 Net Operating Income (NOI): $1,601,842.96 Ann. (Pro Forma 11.54 Cap!!!) , or
Exterior Features

Business Parking Spaces 42 Cross Street Jennings Overhead Door 3 Stories Total 2

Property Features

Gross Income 2631659 MLSArea Minor 8 Net Operating Income 1601842 Operating Expense 1029817 Property Sub Type Mixed Use Sewer Public Sewer Tax Annual Amount 130673 Tax Annual Amount1 130673 Zoning Description SpecialUse

Listing courtesy of Richard Matt Shane of All Island Estates Realty Corp: 516-783-5600
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeService Hudson Valley Properties. Data last updated: 2024-07-20T16:19:08.997.
 
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