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633 Eagle Ave
West Hempstead, NY 11552

$12,999,000 USD

Schools For Sale  •  40,020 SF

Property Details

  • Property Type Schools
  • Total Building Size 40,020 SF
  • Lot Size 1.6 AC
  • Year Built 1924
  • Cap Rate 12.37 %
  • Zoning residential b, recreation
39 Transit Score
55 Walk Score

Highlights

Calling All Investors, Developers, & End-Users!!! Once In A Lifetime Opportunity To Own A State Of The Art Equestrian Center + 25 Acre Upstate Annex!!
The Property Features A Newly Built Indoor Equestrian Center, 775 Acres Of Permitted Land, 3 Adjoining Rental Homes, State Park Permit, +++
The Property Also Features 30,000 Sqft. Steel Insulated Building W/40’ Ceilings, 63 Stalls, Excellent Signage, Great Exposure, Storage Area, +++!!!
The Property Is Located In The Heart Of West Hempstead & Is The Only Equestrian Center In The Area!!!
Neighbors Include The Home Depot, Stop & Shop, CubeSmart Self Storage, Dunkin’, CVS, Regal Cinemas, Lidl, +++!!!
A 20 Acre Upstate Annex With A 3,500 Sqft. Farm House + 15,000 Sqft. Barn Can Be Bought In Addition For Only $300k!!!

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $1,607,843 USD (2024)
Cap Rate: 12.37 %
Total Expenses: $1,023,817 USD

Amenities

  • Bus Line
  • Commuter Rail
  • Signage
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Lakeview Station (West Hempstead Branch - Long Island Rail Road) 0 min 6 min 0.3 mi
Hempstead Gardens Station (West Hempstead Branch - Long Island Rail Road) 2 min 16 min 0.8 mi
AirportDriveWalkDistance
John F Kennedy International 18 min - 11.4 mi
Laguardia 28 min - 18.4 mi
Westchester County 58 min - 39.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 42
Type: Surface
Included in Rent: Yes
Matthew Shane 516-279-8828 All Island Commercial
Matthew Shane 516-279-8828 All Island Commercial