8 S Maryland Ave & Residence - Storefront FOR SALE


Port Washington, NY 11050
$3,350,000 USD
516-607-7722
8 S Maryland Ave & Residence, Port Washington, NY for Sale
$3,350,000 USD
Storefront - FOR SALE
1/9
null | Request Cap Rate

8 S Maryland Ave & Residence
Port Washington, NY 11050


HIGHLIGHTS

  • Please contact Larry Matarese for more details | 516 945 4733

OVERVIEW

Berkshire Hathaway Commercial Services is pleased to bring to market 8 S Maryland Ave in Port Washington. This offering presents a rare opportunity to acquire not only the commercial building which has been the home to a generational florist and nursery business for over 100 years, but also the residential house right next door. The current business owner is preparing to retire, and as a result the commercial property and the residential home next door are available for purchase. The commercial building is a well-maintained 3,155 SF facility on a 0.27-acre lot. Zoned "Business A," it benefits from low annual property taxes of $19,194. The location offers excellent visibility just off Main Street, directly across from the LIRR overflow parking and one block from the Port Washington station. The sale also includes 4 S. Maryland Ave, a 1,560 SF single-family residence on a 3,267 SF lot, with annual taxes of $12,573. A new owner could continue to operate the established business, which enjoys strong brand recognition and diversified revenue streams, or reposition the property to suit other needs. There is also the potential to lower your basis by selling the residential home separately. This overview only begins to describe the full potential of this exceptional opportunity. Please contact us today to schedule a showing.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$709 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

8 S Maryland Ave, Port Washington + Residence

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

Business A

APN/PARCEL ID

2289-05-099-00-0204-0

ASK ABOUT THIS PROPERTY

Guy CanzoneriBerkshire Hathaway CommercialMore Info
516-607-7722

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Guy CanzoneriBerkshire Hathaway CommercialMore Info
516-607-7722

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