620 Shore Road, Lindenhurst, NY 11757

$1,389,000

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List Price
$1,389,000
Days on Market
165
MLS#
961794
Status
ACTIVE
Lot Size
10500

Property Description

Rare opportunity to acquire a 1/2 acre assemblage, Two parcels being sold together. ( 620 & 628 Shore Rd ). 628 Shore Rd is vacant land and 620 Shore Rd is currently improved with income-producing mechanic shop / warehouse with tenant paying $8,000/Month. The Village has indicated support for a minimum of 8 senior housing units 2 Bedrooms 1.5 Baths approximately 1,500 SF each. The elevated construction concept strategy already contemplated ( piles/helicals with under-unit car ports, post sandy coastal style construction. With $8,000/Month cash flow from existing mechanic/ warehouse tenant gives a developer ability to collect income while advancing approvals and environmental due diligence are completed.

Additional Information

Total Taxes
18329
Heating
Natural Gas
Water
Public
Sewer
Public Sewer
Taxes
$18,329

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Joseph T. Zegarelli (zeggyjoey@aol.com) from Listing Office: Birch Hill Realty Consultants.

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.