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571-575 Atlantic Ave
Oceanside, NY 11572
Retail Property For Sale
Investment Highlights
- Prime Atlantic Avenue location directly across from East Rockaway LIRR station
- Multi-tenant retail asset with 4 separate storefronts
- Value-add opportunity with two owner-occupied units offering immediate upside
- 38,000+ average annual daily traffic with excellent visibility
- Long-term leases in place through 2030, including a pre-negotiated renewal option
- Surrounded by national credit retailers including Lidl, PC Richard's, Wendy's, and Stop & Shop
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
2,795 SF
Building Class
C
Year Built
1964
Price
$1,150,000
Price Per SF
$411.45
Cap Rate
7.32%
NOI
$84,204
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.56
Lot Size
0.11 AC
Parking
7 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
83’ on Atlantic Ave
Amenities
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,538 | |
| Land Assessment | $1,042 | Total Assessment | $3,580 |
Property Taxes
Parcel Numbers
Land Assessment
$1,042
Improvements Assessment
$2,538
Total Assessment
$3,580
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