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70 Park Ave
Bay Shore, NY 11706
70 Park Ave - 1636/1636A Union Blvd Bay Shore · Retail Property For Sale
EXECUTIVE SUMMARY
This offering features three structures on one deeded lot in the heart of Bay Shore’s Business District with 4 Rental Units. 70 Park Ave is a Commercial building that has a current CO allowing the first floor apartment to be used as a Personal Service business and residence, and the second floor as a separate apartment. The current owner is using both floors as a one family residence with a Personal Service business. Prior CO on property was 1st Floor restuarant & 2nd Floor apartment. Various options are available based on zoning for this space. There is also a detached two-car garage, and an additional building at 1636/1636A Union Blvd, CO’d as a legal two-family dwelling. Delivered vacant, the property presents a rare opportunity to reposition multiple units at once, resolve outstanding violations, and capitalize on strong rental demand for studios, one bedroom, and two bedroom apartments in the area along with retail, office & businesses. With flexible layouts, on-site parking, and significant upside through renovation and potential expansion, this asset is well-suited for investors seeking value-add potential and long-term income growth.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
2,844 SF
Building Class
C
Year Built/Renovated
1925/2020
Price
$1,900,000
Price Per SF
$668.07
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.38
Lot Size
0.17 AC
Zoning
BD - Business District, specifically a Neighborhood Business District.
Parking
4 Spaces (1.41 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Commuter Rail
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 0500-393-00-02-00-138-001 | Improvements Assessment | $42,200 |
| Land Assessment | $7,800 | Total Assessment | $50,000 |
PROPERTY TAXES
Parcel Number
0500-393-00-02-00-138-001
Land Assessment
$7,800
Improvements Assessment
$42,200
Total Assessment
$50,000
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