170 W Park Ave - Restaurant FOR SALE


Long Beach, NY 11561
$3,500,000 USD
212-430-5196
170 W Park Ave, Long Beach, NY for Sale
$3,500,000 USD
Restaurant - FOR SALE
1/3
null | Request Cap Rate

170 W Park Ave
Long Beach, NY 11561


HIGHLIGHTS

  • 170-180 W Park Avenue rests of a 0.23-acre parcel with approximately +/- 8,800 square feet of leasable space.
  • The property is 100% occupied with strong lease terms.
  • There is municipal parking located directly next to the property.
  • The location provides good access to the main commercial areas of Long Beach, public transportation (LIRR), and the amenities of the beach town.

OVERVIEW

The Tuccillo Group of Marcus and Millichap is pleased to present for sale 170-180 W Park Avenue, a retail strip center located in Long Beach, NY. 170-180 W Park Avenue rests of a 0.23-acre parcel with approximately +/- 8,800 square feet of leasable space. There is municipal parking located directly next to the property. The property is 100% occupied. Situated in Long Beach, the property is close to the beach and new Super Block development. The location provides good access to the main commercial areas of Long Beach, public transportation (LIRR), and the amenities of the beach town, like restaurants, shops, and recreational activities. The area demographics paint a picture of opportunity – over 51,000 people live within a three miles radius and an average household income over $141,000.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$597 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

170-180 W Park Ave, Long Beach, NY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Convenience Store, Drug Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

1000-59-071-00-0001-0

ASK ABOUT THIS PROPERTY

Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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