438 Lake Avenue
Saint James, NY, 11780 $ 799,000
Baths0.0 Sq 3,920 Monthly Estimate*
$ 5,310
Studio
for $799,000. This 3,920 square foot building was built in 1946 on a lot size of 0.09.
Calling All Investors, Developers & End-Users!!! 8.48 Cap 2 Unit Corner Retail Building In Historic Saint James For Sale!!! The Property Is Located In The Heart Of Saint James 2 Blocks From The Saint James LIRR Station!!! The Building Features Excellent Signage, Great Exposure, Strong Central Business Zoning, 8 Parking Spaces, High Ceilings, Private Driveway Parking, All New LED Lighting, CAC+++!!! The 3,920 Sqft. Corner Building Has 54+ Feet Of Frontage On Lake Avenue & 106+ Sqft. On 3rd Street!!! 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: Bike Shop (2,300 Sqft.): $57,600 Ann.; 3% Ann. Inc. Starting 7/1/26. Lease Exp. 6/30/28. Office / Storefront (1,620 Sqft.): $37,200 Ann. (Available) Total Gross Income: $94,800 Ann. Expenses: Gas: $0 Ann. (Tenant Pays) Electric: $0 Ann. (Tenant Pays) Water: $0 Ann. (Tenant Pays) Maintenance & Repairs: $1,500 Ann. Insurance: $5,000 Ann. Taxes: $20,578.86 Ann. Total Expenses: $27,078.86 Ann. Net Operating Income (NOI): $67,721.14 Ann. (Pro Forma 8.48 Cap!!!) , or
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FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
matthewshane8828@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,310
- Monthly Property Taxes
- $1,715
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Saint James, NY
Average List Price $1,606,165
Percent of Sale Price 101%
About Saint James, NY 16,001 Population
5% Since 2002
$ 112,982 Median Income
46.88 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/3/2023 | $799,000 | -3.15% | Price Down |
| 10/25/2023 | $825,000 | -2.94% | Price Down |
| 10/23/2023 | $850,000 | -2.86% | Price Down |
| 9/18/2023 | $875,000 | -2.67% | Price Down |
| 8/28/2023 | $899,000 | -7.79% | Price Down |
| 8/10/2023 | $975,000 | | Listed Price |