529 Lake AVE Saint James, NY 11780

Calling All Investors, Developers & End-Users!!! MINT 100% Occupied 6 Unit Mixed Use Building In Historic Saint James For Sale!!! The Property Is Located In The Heart Of Saint James Directly Across The Street From The Saint James LIRR Station!!! The Building Features Excellent Signage, Great Exposure, Strong Central Business Zoning, 2 Stories, 86 Parking Spaces, High 8' Ceilings, Private Parking Lot, New Driveway, New Roof, New Chimney, New Electric, New Piping, Fenced Lot, Motion Sensor Lights, All New LED Lighting, 200 Amp Power, CAC+++!!! The 5,050 Sqft. Building Is Situated On A Huge 11,700+ Sqft. Lot & Has 70+ Feet Of Frontage On Lake Avenue!!! The Owner Completely Renovated The Entire Property In 2021!!! Neighbors Include Starbucks, USPS, Mercedes, Lexus, Acura, Kia, Toyota, Jeep-Dodge-Ram, Chevrolet, Mazda, TD Bank, King Kullen, 7-Eleven, Dunkin', Whole Foods, Costco, BP Gas, Lowe's, Trader Joe's, Macy's, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property Or Home For Your Business!!! Income: Dog Groomer (Units E+F; 1,500 Sqft.): $18,348 Ann.; Flat Rent; Lease Exp. 6/30/24. Yoga Studio (Units C + D; 1,900 Sqft.): $38,400 Ann.; 4% Ann. Inc.; Lease Exp. 3/30/27. Apt. A (1 Br. 800 Sqft.): $21,600 Ann.; Lease Exp. 8/30/23. Apt. B (1 Br. 900 Sqft. Duplex): $28,800 Ann. M-M. Total Gross Income: $107,148 Ann. Expenses: Gas: $5,226 Ann. Electric: $0 Ann. Water: $1,080 Ann. Insurance: $2,850 Ann. Maintenance & Repairs: $250 Ann. Taxes: $18,494 Ann. Total Expenses: $27,900 Ann. Net Operating Income (NOI): $79,248 Ann. (6.9 Cap!!!)