120 Park AveLong Beach, NY 11561

Property Details for 120 Park Ave

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.23 AC

Property size (Sq ft)

2,860 SF

Property type

Office buildings

APN

59-071-00-0026

APU

59071000026

Description

This exceptional retail property in Long Beach, New York, presents a fantastic leasing opportunity. Located at 120 E Park Ave, 11561, this multi-tenant building offers a total of 4,279 square feet, with 1,179 square feet currently available for lease. The property is classified as both a fitness center and street retail, providing versatile options for prospective tenants. The building boasts ample parking, a significant advantage in a high-traffic area. The address is conveniently situated in Nassau County, within the vibrant Long Beach community. This space is ideal for businesses seeking high visibility and accessibility. The existing tenant mix offers a synergistic environment, creating a thriving commercial hub. The 1,179 square foot vacant space is ready for immediate occupancy and customization to suit a variety of retail concepts. Its street-level location ensures maximum exposure to pedestrian and vehicular traffic. The ample parking ensures convenient access for customers and employees alike. This is a rare opportunity to secure a prime retail space in a desirable Long Beach location. Don't miss out on this chance to establish or expand your business in a thriving commercial environment. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $655,828

  6.5%

  $605,380

  7%

  $562,138

• Comparable approach

  Method

  Valuation

  Relative Method

  $373,688

  Geo Method

  $373,688

• Alternative Use

  Use

  Valuation

  Residential

  $750,671

  Hospitality

  $687,610

  Educational

  $572,084

  Medical

  $591,759

  Retail

  $889,908

Location Insight

City

Long Beach

County

Nassau

State

New York

Latitude

40.5881

Longitude

-73.6676

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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