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165-167 East Park Avenue, Long Beach, NY 11561

CM
NY #10401400673
HedgeStone Commercial
Listed by HedgeStone Commercial
$2,600,000
44 days on market
Updated 44 days ago
Opportunity zone

165-167 East Park Avenue

Details
Property Type Retail, Office
Sub Type Storefront
Square Footage 7,000
Units 3
Cap Rate 6.22%
NOI $161,856
Tenancy Single
Brand/Tenant Dry Cleaner, Boutique (+1)
Lot Size (SqFt) 3,920
Zoning AE
Investment Type Owner/User

165-167 East Park Avenue, Long Beach, NY 11561

Marketing description

Discover an exceptional investment opportunity with the property located at 165 East Park Avenue, Long Beach, NY. Boasting a spacious +/-7,000 square foot building, this prime space offers an ideal configuration for retail and office investors. The property features a versatile layout, with office space situated above and two retail spaces below. Zoned AE, the property offers the advantage of being situated in a desirable coastal location, making it an attractive prospect for investors looking to establish or expand their presence in the bustling Long Beach market. With its ample space and prime positioning, this property presents a compelling opportunity for retail and office investors seeking a coveted location in the vibrant Long Beach area.

Discover the vibrant charm of Long Beach, NY, a destination brimming with opportunities for retail investors. Situated just steps from the renowned boardwalk and beautiful beachfront, the area offers a coveted blend of relaxation and bustle. Nearby, a dynamic mix of boutiques, restaurants, and entertainment venues attract both locals and tourists year-round. This premier location provides easy access to public transportation, ensuring a steady flow of foot traffic. With its lively atmosphere and strong community appeal, the area presents an enticing investment prospect for retail and street retail investors seeking a prime coastal location in Long Beach.


Investment highlights

  • +/-7,000 square foot building
  • Zoned AE
  • Prime Long Beach location
  • Ideal for retail and street retail investors
  • Spacious layout
  • Office space above, two retail spaces below

Listing Contacts

CM
NY #10401400673
HedgeStone Commercial
Listed by HedgeStone Commercial

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$161,856.00
$13,488.00/mo

Valuation Metrics

0
DSCR
6.23%
Cap Rate
6.23%
ROI

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