552-556 Westbury Ave. Carle Place NY 11514
- $499,900
- 4
- BA
- List Price
- $499,900
- Status
- Available Immediately
- Property Type
- Store Building
- Bathrooms
- 4
- Lot Size
- 5000
- Neighborhood
- The two stores are currently leased for $1800 and $2100 per month with each tenant paying 1/3 of the property taxes prorated monthly. Owner prefers that the buyer obtain their own financing.
Property Description
Great Commercial Opportunity in sought after Carle Place, NY This 50x100 plot contains a 3 Store Building. Each rentable unit has its own basement. In addition, one of the stores has a bathroom in the basement and with the addition of A.C - it is possible that this area could also be leased out or kept for the owner.
2 of the stores are currently leased: 1 is in the 3rd year of a 5 year renewable lease. The other is in the third year of a 10 year lease. There is a stipulation in each lease that the tenant pays 1/3 of the total annual taxes divided in monthly installments (which are currently being grieved and the town states they should be reduced substantially).
In addition, each tenant is responsible to provide and maintain their own A.C.& Hot water units. Landlord provides heating unit (which is gas) but tenants pay all utility and heating bills.
Great location for rentals plus use by the owner of one of the stores or to rent out!
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