120 W Park Ave - Office FOR SALE


Long Beach, NY 11561
$4,900,000 USD
516-393-2300
120 W Park Ave, Long Beach, NY for Sale
$4,900,000 USD
Office - FOR SALE
1/28
null | 7.14% Cap Rate

120 W Park Ave
Long Beach, NY 11561


HIGHLIGHTS

  • For Sale: Office Building in Long Beach, NY - Fully-Leased
  • 2 Stories Plus a Lower-Level with Elevator
  • 18 On-Site Parking Spaces Plus Surrounding Municipal Parking
  • Stable Tenants with Below Market Rents
  • Floor Plans Allow for Multi-Tenant Use - Suites Can be Used for Office, Therapy, Medical, or Spa-Style
  • Located in the Heart of Long Beach - Direct Access to the Long Beach LIRR Train Station

OVERVIEW

American Investment Properties is retained to sell the office building located at 120 W Park Ave, Long Beach. At this location is a multi-tenant fully-occupied office building with some on-site parking spaces. This property is located in the heart of Long Beach, surrounded by several other office and retail amenities as well as within walking distance to the Long Beach LIRR train station.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

7.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,000 SF

ZONING

Business

APN/PARCEL ID

1000-59-071-00-0026-0

ASK ABOUT THIS PROPERTY

Ron KoenigsbergAmerican Investment Properties, Inc.More Info
516-393-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Ron KoenigsbergAmerican Investment Properties, Inc.More Info
516-393-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.