Shopping Strip

220 W Park Ave

220 W Park Ave, Long Beach, NY 11561

Listing Price: $3,888,888

Cap Rate
7.81%
Gross SF
20,400
Rentable SF
20,400
Price/Gross SF
$190.63
Lot Size
0.32 acres
Year Built
1931

Investment Overview

Marcus & Millichap is pleased to present for 220 - 226 W Park Ave, a mixed use building in Long Beach, NY. The subject properties rest on a combined 0.32 acre parcel with over 20,000 SF of lease able area. The property is split between to well performing tenants and Synergy Fitness is also responsible for 40% of tax increases over the course of the term. Additionally, the subject property is ideally located in the heart of Long Beach, positioned right in the middle of neighboring retailers like CVS Pharmacy, Stop & Shop, Starbucks, Rite Aid and so much more. The property is also steps away from Long beach's LIRR station, a transportation hub for the commuting residents of the area to and from Manhattan, Brooklyn, and Queens.

Investment Highlights

  • Over 20,000 SF of Retail Space
  • Prime Location in Long Beach near LIRR
  • Strong Demographics

Exclusively Listed By

Listing Price: $3,888,888

Cap Rate
7.81%
Gross SF
20,400
Rentable SF
20,400
Price/Gross SF
$190.63
Lot Size
0.32 acres
Year Built
1931

Investment Highlights

  • Over 20,000 SF of Retail Space
  • Prime Location in Long Beach near LIRR
  • Strong Demographics

Investment Overview

Marcus & Millichap is pleased to present for 220 - 226 W Park Ave, a mixed use building in Long Beach, NY. The subject properties rest on a combined 0.32 acre parcel with over 20,000 SF of lease able area. The property is split between to well performing tenants and Synergy Fitness is also responsible for 40% of tax increases over the course of the term. Additionally, the subject property is ideally located in the heart of Long Beach, positioned right in the middle of neighboring retailers like CVS Pharmacy, Stop & Shop, Starbucks, Rite Aid and so much more. The property is also steps away from Long beach's LIRR station, a transportation hub for the commuting residents of the area to and from Manhattan, Brooklyn, and Queens.

Exclusively Listed By

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