1832 5Th AveBay Shore, NY 11706

Property Details for 1832 5Th Ave

Lot size

0.39 AC

Zone code

BUS1

Property type

Commercial land

APN

0500-159.00-01.00-028.000

APU

500159000100028000

Description

This exceptional commercial land offering presents a unique investment opportunity encompassing two parcels totaling 1.092 acres (47,567 square feet). The property is comprised of two separately rentable parcels, ideal for individual or joint development. The first parcel, located at 1836 5th Avenue and 12 Pine Aire Drive, spans 0.699 acres (28,314 square feet) and includes an existing 2,436 square foot building. This parcel is available for ground lease at an annual rent of $150,000, NNN. The second parcel, situated at 1832 5th Avenue, encompasses 0.393 acres (17,119 square feet) and is also available for ground lease at an annual rent of $100,000, NNN. Both parcels can be leased jointly for a combined annual rent of $250,000, NNN. This presents a flexible investment opportunity catering to various development scenarios, allowing for either individual or combined utilization of these strategically located parcels. The existing building on one parcel offers immediate potential for adaptive reuse or expansion, while the vacant land provides ample space for new construction. This property is ideally suited for a wide range of commercial ventures. Contact us today to explore this compelling investment opportunity.

• Alternative Use

  Use

  Valuation

  Residential

  $3,214,794

  Hospitality

  $2,944,734

  Educational

  $2,449,984

  Medical

  $2,534,243

  Retail

  $3,811,086

Location Insight

City

Bay Shore

County

Suffolk

State

New York

Latitude

40.7754

Longitude

-73.2604

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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