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3116-3118 Long Beach Rd 4,818 SF 100% Leased Retail Building Oceanside, NY 11572 $1,150,000 ($238.69/SF) 5.64% Cap Rate
Executive Summary
Offered for sale is a three-unit mixed-use building located at 3116–3118 Long Beach Road in Oceanside, positioned on one of Nassau County’s busiest commercial corridors. The property consists of a ground-floor commercial space currently operating as a restaurant/bar, secured by a brand-new 5+5 lease commencing November 1, 2025, providing long-term income stability. Above are two spacious residential apartments, each with separate private entrances and currently occupied on a month-to-month basis, offering flexibility for future repositioning or rental increases. All units are separately metered for gas and electric and feature forced-air HVAC systems. Additional highlights include a full basement, ideal for storage or operations, and a fenced-in rear patio. Strategically located with over 30,000 vehicles per day passing by and less than one mile to the Oceanside LIRR, the property benefits from strong visibility, accessibility, and proximity to shopping, dining, and surrounding residential neighborhoods—making it an ideal investment opportunity.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$94,008
|
$34.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$94,008
|
$34.77
|
| Taxes |
$23,209
|
$8.58
|
| Operating Expenses |
$5,910
|
$2.19
|
| Total Expenses |
$29,119
|
$10.77
|
| Net Operating Income |
$64,889
|
$24.00
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $94,008 |
| Annual Per SF | $34.77 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $94,008 |
| Annual Per SF | $34.77 |
| Taxes | |
|---|---|
| Annual | $23,209 |
| Annual Per SF | $8.58 |
| Operating Expenses | |
|---|---|
| Annual | $5,910 |
| Annual Per SF | $2.19 |
| Total Expenses | |
|---|---|
| Annual | $29,119 |
| Annual Per SF | $10.77 |
| Net Operating Income | |
|---|---|
| Annual | $64,889 |
| Annual Per SF | $24.00 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,818 SF
Building Class
B
Year Built
1950
Price
$1,150,000
Price Per SF
$238.69
Cap Rate
5.64%
NOI
$64,889
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.78
Lot Size
0.06 AC
Zoning
C
Frontage
37’ on Long Beach Rd
Walk Score®
Very Walkable (85)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2089-43-327-00-0129-0 | Total Assessment | $3,157 |
| Land Assessment | $447 | Annual Taxes | $23,209 ($4.82/SF) |
| Improvements Assessment | $2,710 | Tax Year | 2025 |
Property Taxes
Parcel Number
2089-43-327-00-0129-0
Land Assessment
$447
Improvements Assessment
$2,710
Total Assessment
$3,157
Annual Taxes
$23,209 ($4.82/SF)
Tax Year
2025
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3116-3118 Long Beach Rd
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