Value-Add Vacant Retail Box in New York
Rare Redevelopment Opp | 15,500 SF
Marketing description
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of 3098 Long Beach Road, a vacant 15,500 SF building on a 1.24-acre parcel. The asset benefits from its excellent frontage, prominently located in the dense retail submarket of Oceanside, New York — a coastal Long Island community just 20 miles outside Manhattan. The trade area is home to major grocers Stop & Shop, Amazon Fresh, Trader Joe’s, and Costco. The retail submarket is complemented by major soft goods retailers TJ Maxx, Marshalls, Kohl’s, Burlington, and Michaels, among many others. 3098 Long Beach Road presents a prime opportunity for investors to redevelop or re-tenant the space or owner-users looking to occupy the vacant building.
The asset benefits from its excellent surrounding demographics, with over 135,000 people within a 3-mile radius and average annual household incomes of over $123,000. This presents an excellent opportunity for a retailer looking for a dense neighborhood supported by strong disposable incomes. Oceanside is ideally situated just 7 miles from JFK Airport, offering seamless access to downtown Manhattan via the Long Island Railroad and Sunrise Highway. With excellent public transportation options, Oceanside has become a sought-after location for commuters, driving steady growth through ongoing retail and residential developments.
3098 Long Beach Road is available for purchase free of any tenant lease obligations, presenting a rare opportunity to own a high-quality asset in a thriving retail trade area. The property is being offered for sale without a formal asking price.
Investment highlights
Unique Generational Offering
15,500 SF freestanding retail asset located in the heart of the dense retail node of Oceanside, New York. The asset benefits from its 190 feet of frontage along Long Beach Road, which sees 35,500 vehicles per day.
Value-Add Investment Opportunity
The property is currently vacant, offering investors a prime opportunity to unlock significant value through a strategic leasing program for either a single tenant or multiple tenants. This freestanding building sits on a1.24-acre parcel, providing 75 parking spaces (4.83 per 1,000 SF) at the prominent intersection of Long Beach Road and Anchor Avenue.
Dense Retail Trade Area
3098 Long Beach Road is complemented by an array of major grocers such as Stop & Shop, Amazon Fresh, Trader Joe’s, and Costco. This trade area is also home to major soft goods retailers TJ Maxx, Marshalls, Kohl’s, Burlington, Michaels, and Ulta.
Transit-Oriented Location
3098 Long Beach Road benefits from a true transit-oriented location, situated just 2 miles from the Rockville Centre Long Island Railroad station — the busiest commuter rail line in North America, with over200,000 daily riders. This strategic proximity offers seamless connectivity to Manhattan and destinations throughout Long Island, enhancing accessibility for residents, commuters, and visitors.
Exceptional Demographics & Proximity to Manhattan & JFK
Oceanside boasts strong demographics with over 135,000 residents within a 3-mile radius and average household incomes exceeding $120,000. The property’s prime location — just 20 miles from Manhattan and 7 miles from JFK International Airport — offers direct access to major urban and travel hubs, making it highly desirable for both residents and retailers.
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