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Profitable Residential Shopping Mall, NY
Location: United States -> New York -> All of New York -> Farmingdale
Industry: Real Estate > Other Real Estate




Business Summary

Shopping Mall $23.5MM, 5.95% cap rate, Long Island, NY

Successful neighborhood Mall, this ''golden goose'' has become
available for sale for the first time since 1962.

Completing the tenancy and expanding the mall footprint could
increase its value by 30% from the asking price of $23,500,000.


Residential Mall with Walgreens Pad and Large Parking Lot.

Location with 812-ft Frontage on Main Street, Farmingdale, NY.

Stable Tenancy: Supermarket, Walgreens, U.S. Post Office,
Liquor, Dry Cleaner, Bakery, Restaurants, Dentist, Professionals.

Occupancy 85.9% / 43,306 SF of 50,478 SF / 14/20 Units

Originally built in 1956, expanded in 2001 with Walgreens pad.

Mall is on a 5.12 acre lot with space to enlarge main building.

918 South Main Street, Farmingdale, NY 11735

Full Brochure -- Listing on CoStar


Financials

Asking Price Range:  $20.0M - $35.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  No

About The Business

Year Established:  1956
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Reason For Selling:  Golden goose of family estate... cousins all ready to sell




Print Listing Id: 700341029
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Also See: Franchise Opportunities > Franchise Resales > New York Businesses For Sale > New York Franchises For Sale > New York Business Brokers



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