140 S Long Beach Ave - Office FOR SALE


Freeport, NY 11520
$1,249,000 USD
347-237-3599
140 S Long Beach Ave, Freeport, NY for Sale
$1,249,000 USD
Office - FOR SALE
1/17
null | Request Cap Rate

NEW


140 S Long Beach Ave
Freeport, NY 11520


HIGHLIGHTS

  • Please contact Robert Schlosser for details | (516) 557-4735

OVERVIEW

Berkshire Hathaway Commercial Services is pleased to present 140 S Long Beach Avenue in the densely-populated town of Freeport. Located just a short drive from the Meadowbrook Parkway, the property is only minutes from Merrick Rd, blocks from the LIRR, and steps away from the NICE Bus N4 stop. The property currently generates income from two tenants: a dental practice and a medical billing company. The medical billing company is currently paying rents vastly below the market average, presenting a great opportunity to raise rents for increased passive income. An 850 SF third office with a private entrance is ready for immediate medical use, featuring a front desk reception area and four examination rooms. This office can be rented out to further boost passive income or occupied by the owner, whichever they see fit. Additionally, the property includes a 3,200 SF basement. Situated on a 0.14-acre lot, this B-2 zoned property also features 8 parking spots for patients and visitors. It presents an outstanding opportunity for an investor seeking solid returns, or a medical provider looking to open or expand a practice while generating rental income.

FOR SALE DETAILS

PRICE

$1,249,000 USD

PRICE/SF

$455 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

Business AA

APN/PARCEL ID

2009-62-125-00-0006-0

ASK ABOUT THIS PROPERTY

Michael ChimentiBerkshire Hathaway Laffey International RealtyMore Info
347-237-3599

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Michael ChimentiBerkshire Hathaway Laffey International RealtyMore Info
347-237-3599

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