571-575 Atlantic Ave - Storefront FOR SALE


Oceanside, NY 11572
$1,150,000 USD
917-865-6537
571-575 Atlantic Ave, Oceanside, NY for Sale
$1,150,000 USD
Storefront - FOR SALE
1/9
null | 7.32% Cap Rate

571-575 Atlantic Ave
Oceanside, NY 11572


HIGHLIGHTS

  • Prime Atlantic Avenue location directly across from East Rockaway LIRR station
  • 38,000+ average annual daily traffic with excellent visibility
  • Multi-tenant retail asset with 4 separate storefronts
  • Long-term leases in place through 2030, including a pre-negotiated renewal option
  • Value-add opportunity with two owner-occupied units offering immediate upside
  • Surrounded by national credit retailers including Lidl, PC Richard's, Wendy's, and Stop & Shop

OVERVIEW

East Coast New York Inc. is proud to present a prime investment opportunity at 571-575 Atlantic Avenue, Oceanside, NY 11572. This ±2,795 SF single-story retail building sits on a combined ±0.11-acre site (3 tax lots) directly across from the East Rockaway LIRR station, commanding excellent visibility and over 38,000 vehicles in average daily traffic along Atlantic Avenue. The property features 4 separate storefronts, including a long-term convenience store and restaurant/deli tenant, alongside two additional owner-occupied units. Two of the four units are secured by leases extending through 2030, with one tenant holding a pre-negotiated renewal option, while the remaining owner-occupied units offer a new owner immediate flexibility to lease at market rate or occupy directly. The location benefits from a densely populated trade area, with over 25,700 residents and a median household income exceeding $122,000 within one mile, surrounded by national credit retailers including Lidl, PC Richard's, Wendy's, and Stop & Shop. Built in 1964 and situated in the heart of Oceanside's retail corridor, this asset represents a rare opportunity for investors seeking a well-located, multi-tenant retail property with built-in income stability and upside potential.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$411 USD /SF

CAP RATE

7.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,966 SF

ZONING

-

APN/PARCEL ID

2089-43-371-00-0010-0,2089-43-371-00-0011-0,2089-43-371-00-0013-0

ASK ABOUT THIS PROPERTY

Eric LiEast Coast New YorkMore Info
917-865-6537

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Eric LiEast Coast New YorkMore Info
917-865-6537

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