118-120 Shore Rd | Port Washington, NY 11050
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- LoopNet Team
118-120 Shore Rd
Port Washington, NY 11050
Mixed-Use Retail Multifamily | Long Island · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Recently renovated two-story, 10,000-square-foot mixed-use building in an active shopping center in Port Washington, NY.
- The asset stands out on the retail strip with a grey tiled façade, a new HVAC system for the retail space, and new water heaters.
- Across the street from Soundview Marketplace, anchored by Target, T.J. Maxx, and Walgreens anchor, offering cross-shopping opportunities.
- The property comprises 6,000 square feet of ground floor retail, which can be separated into three retail units, and three multifamily units.
- Offers investors or owner users a huge upside to capture market rates that have been rising in recent years.
- Residents within five miles of the property have an attractive median household income of $129,598, an annual consumer spending of $2.3 billion.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
10,000 SF
Building Class
C
Year Built/Renovated
1948/2023
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.09
Lot Size
0.21 AC
Zoning
C-3 - Commercial Retail & Sales
Parking
37 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
60’ on Shore Rd
PROPERTY TAXES
| Parcel Number | 2289-04-H-00-0063-0 | Improvements Assessment | $43 |
| Land Assessment | $1,052 | Total Assessment | $1,095 |
PROPERTY TAXES
Parcel Number
2289-04-H-00-0063-0
Land Assessment
$1,052
Improvements Assessment
$43
Total Assessment
$1,095
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