310 Bay WalkOcean Beach, NY 11770

Property Details for 310 Bay Walk

Lot size

17.00 AC

Property size (Sq ft)

10,000 SF

Property type

Retail properties

Property subtype

Office properties

Description

This exceptional commercial property, located at 310 Bay Walk in Ocean Beach, New York, presents a rare investment opportunity. The 10,000 square foot complex consists of two connected, two-story buildings, offering a unique blend of retail and executive office space. The ground floor is zoned for diverse uses, including restaurants, retail shops, and an ice cream parlor, while the upper floors comprise approximately 4,000 square feet, featuring 23 bedrooms, 6 bathrooms, and laundry facilities. Currently operating at 100% occupancy, this fully leased property boasts a strong 6.4% cap rate and significant upside potential. Situated on Bay Walk, across from the Village Green promenade, this location benefits from high foot traffic in the heart of Ocean Beach. The property sits on a 17-acre lot and is priced at $4,995,000, with a price per square foot of $499.50. The lease type is modified, and the tenancy is multi-tenant. 50% ownership is also available. This property offers a unique opportunity to capitalize on the thriving Ocean Beach market, a desirable destination just a short distance from Manhattan, yet offering the tranquility of Fire Island's beaches and natural beauty. Pets are allowed.

Location Insight

City

Ocean Beach

County

Suffolk

State

New York

Latitude

40.6487

Longitude

-73.1577

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