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31823159
31823160

437 Port Washington Blvd, Port Washington, NY 11050

MT
NY 10401244358
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$16,500,000
46 days on market
Updated 26 days ago

Port Washington Town Plaza

Details
Property Type Retail
Sub Type Bank, Shopping Center
Square Footage 24,100
Net Rentable (SqFt) 18,000
Units 8
Occupancy 100%
Tenancy Multi
Brand/Tenant TD Bank
Lease Type Modified
Price per SqFt $685
Class A
Year Built 1959 & 1990
Buildings 3
Stories 1
Acreage 1.370
Parking Spaces 70 spaces
Parking Per SqFt 2.90
Investment Type Stabilized
Ownership Fee Simple

Shopping Center | 18,000 SqFt | 100% Occupied | 3.89/1,000 SF | 32,000 VPD

Marketing description

Marcus & Millichap is pleased to present Port Washington Town Plaza (“the Subject Property”), a highly visible and fully occupied retail strip center located at 437–505 Port Washington Boulevard in Port Washington, NY.

Situated on a 1.37‑acre parcel, the Subject Property comprises approximately 18,000 square feet of rentable space, supplemented by an additional 6,100 square feet of basement area. The asset consists of three buildings—a bank branch, a multi‑tenant strip center, and a standalone retail building—offering a diverse and stable tenant mix. The property provides four points of ingress and egress and maintains a strong parking ratio of 3.89 spaces per 1,000 square feet. The site also features approximately 415 feet of frontage along Port Washington Boulevard.

Port Washington Town Plaza benefits from exceptional visibility along Port Washington Boulevard, which carries over 32,000 vehicles per day, driving consistent traffic to the site. The property is surrounded by established retailers, including North Shore Farms, Extra Space Storage, USPS, Orangetheory Fitness, and numerous other national and local operators. It is also proximate to key community anchors such as the Port Washington LIRR station and multiple area schools, further enhancing daily activity and long‑term demand.

The surrounding demographics underscore the strength of the location: more than 203,000 residents live within a five‑mile radius, with average household incomes exceeding $182,000. Additional information is available upon request.

Investment highlights

  • Situated on a 1.37‑acre parcel, the Subject Property comprises approximately 18,000 square feet of rentable space, supplemented by an additional 6,100 square feet of basement area.
  • The asset consists of three buildings—a bank branch, a multi‑tenant strip center, and a standalone retail building—offering a diverse and stable tenant mix.
  • The property provides four points of ingress and egress and maintains a strong parking ratio of 3.89 spaces per 1,000 square feet.
  • The site also features approximately 415 feet of frontage along Port Washington Boulevard.

Listing Contacts

MT
NY 10401244358
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

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