101 Shore RdPort Washington, NY 11050

Property Details for 101 Shore Rd

Year built

1962

Lot size

7.88 AC

Property size (Sq ft)

27,732 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

04-129-00-0014-B

APU

04129000014B

Description

This exceptional medical office opportunity is located at 101 Shore Rd, Port Washington, NY 11050, within the Soundview Marketplace shopping center. The property boasts a total of 57,281 square feet, offering multiple tenancy options. Currently, there are 26,094 square feet of vacant space available, divisible into units ranging from a minimum of 3,996 square feet to a maximum contiguous space of 22,098 square feet. The building features impressive 20-foot ceilings, providing ample space and flexibility for various medical practices. Situated on scenic Shore Drive, this prime location benefits from high visibility and foot traffic, enhanced by its position within a thriving shopping center anchored by national brands such as Target, TJ Maxx, and Walgreens. The property's location in Nassau County, on Long Island's affluent North Shore, and its stunning views of Manhasset Bay, make it an ideal location for medical professionals seeking a high-profile and accessible space to serve the community. The property is classified as Retail, Office, and Restaurant, with a subtype of Medical Office and Shopping Center. This presents a unique opportunity to establish or expand a medical practice in a highly desirable and well-established commercial setting.

• CAP approach

  CAP return

  Valuation

  6%

  $6,739,844

  6.5%

  $6,221,394

  7%

  $5,777,009

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,131,127

  Geo Method

  $9,131,127

• Alternative Use

  Use

  Valuation

  Residential

  $5,247,979

  Hospitality

  $4,807,120

  Educational

  $3,999,468

  Medical

  $4,137,016

  Retail

  $6,221,394

Location Insight

City

Port Washington

County

Nassau

State

New York

Latitude

40.8421

Longitude

-73.7058

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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