Property profile

3451 Long Bch Rd Oceanside, NY 11572

OFF-MARKET
Turn key restaurants
Property ID
US63-5864633
3,500 SF 0.09 ac lot
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,616 square foot retail building, situated at 3451 Long Beach Road in Oceanside, NY, presents a remarkable investment opportunity for developers, restauranteurs, and end-users. Boasting excellent visibility and signage on a high-traffic thoroughfare with a daily count of 31,173 vehicles, this property offers unparalleled exposure. The building features a substantial bar area, ample outdoor seating and entertainment space, a convenient elevator, and a generous 58-space private parking lot. Accessibility is ensured with a ramp and accessible restrooms. Inside, high 30-foot ceilings create a dramatic atmosphere, complemented by all-new LED lighting and central air conditioning. Two strategically placed curb cuts enhance accessibility. Further enhancing the property's functionality are a sprinkler system and a balcony. The building can be delivered vacant, providing flexibility for an owner-user. Its prime location in the heart of Oceanside places it amongst a vibrant mix of national retailers including Amazon, Nike, T-Mobile, Costco, and many more. Annual property taxes are $63,719.43, representing the total annual expenses. This property's high traffic count, desirable location, and versatile features present significant upside potential for a savvy investor or business owner. Don't miss this chance to acquire a truly exceptional commercial property in a thriving market.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Total area 3,500 SF
Lot 0.09 ac (4,000 SF)
APN 43-189-00-0063
UPID US63-5864633

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Location

3451 Long Bch Rd Oceanside, NY 11572-5424
Oceanside metro Census 413400 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$670k

Owner & transaction history

since 2012
4 recorded transactions
2019
Price N/A
2012
$1.5M
2007
$2.2M
2006
$1.9M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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