164 Park AveLong Beach, NY 11561

Property Details for 164 Park Ave

Year built

1929

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.05 AC

Property size (Sq ft)

1,800 SF

Property type

Retail space

APN

59-071-00-0008

APU

59071000008

Description

This exceptional two-story, 3,516 square foot Class A medical office building, located at 164 W Park Ave in Long Beach, NY 11561, presents a unique owner-user investment opportunity. Completely renovated in 2023, this property boasts a modern design and is ideally suited for a variety of medical practices or retail uses. The building features one unit across two stories, with an elevator ensuring convenient access. Situated on a 2,000 square foot lot, the building includes a fully finished 1,800 square foot basement, adding significant usable space. Originally constructed in 1929, the recent renovations have transformed this property into a turnkey solution, approximately 90% complete as designed for a veterinary office. Complete architectural drawings are available, streamlining the transition for new owners. This vacant property offers immediate occupancy and the chance to establish a thriving business in a highly desirable Long Beach location. The asking price is $1,550,000. Don't miss this rare opportunity to acquire a meticulously renovated building in a prime Nassau County location.

• CAP approach

  CAP return

  Valuation

  6%

  $475,908

  6.5%

  $439,300

  7%

  $407,921

• Comparable approach

  Method

  Valuation

  Relative Method

  $592,674

  Geo Method

  $592,674

• Alternative Use

  Use

  Valuation

  Residential

  $370,566

  Hospitality

  $339,436

  Educational

  $282,407

  Medical

  $292,120

  Retail

  $439,300

Location Insight

City

Long Beach

County

Nassau

State

New York

Latitude

40.5881

Longitude

-73.6691

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].