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2-12 W Park Ave 18,899 SF 87% Leased Retail Building Long Beach, NY 11561 $11,500,000 ($608.50/SF) 3.05% Cap Rate
Investment Highlights
- For Sale: Retail & Office Building in Long Beach, NY
- Directly Across from the Long Beach LIRR Train Station
- 3 Stories; Located on the Corner of W Park Ave and Edwards Blvd
Executive Summary
American Investment Properties is retained to sell the property located at 2-12 W Main St, Long Beach, NY. At this location is a retail and office building consisting of several tenants. The building is 3 stories tall, located on the corner of W Park Ave and Edwards Blvd, and directly across from the Long Beach LIRR Train Station.
There are a few vacancies which provide for great lease-up opportunities.
Please contact Ron Koenigsberg at ron@aiprops.com / (516) 757-2695 for any additional questions.
There are a few vacancies which provide for great lease-up opportunities.
Please contact Ron Koenigsberg at ron@aiprops.com / (516) 757-2695 for any additional questions.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
18,899 SF
Building Class
C
Year Built/Renovated
1955/1988
Price
$11,500,000
Price Per SF
$608.50
Cap Rate
3.05%
NOI
$350,357
Percent Leased
87%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.89
Lot Size
0.23 AC
Zoning
Commercial
Frontage
Amenities
- Corner Lot
- Signalized Intersection
Very walkable
80/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1000-59-084-00-0163-0 | Improvements Assessment | $1 |
| Land Assessment | $25,739 | Total Assessment | $25,740 |
Property Taxes
Parcel Number
1000-59-084-00-0163-0
Land Assessment
$25,739
Improvements Assessment
$1
Total Assessment
$25,740
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2-12 W Park Ave
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