Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2 E Park Ave Long Beach, NY 11561

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    3,019 SF restaurant space with drive-thru and parking.

    Property size:
    3,019 SF
    Lot size:
    0.47 Acres

    Property Features for 2 E Park Ave

    General Information

    Size
    3,019 SF
    Lot size
    0.47 Acres

    We can help!

    Listing Contact
    Andrew Aberham
    Source: Moodyscre

    Listing Agent: Andrew Aberham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Restaurant Space Near Train Station

    Located at the juncture of East and West Park Avenue, just west of Long Beach Boulevard in Long Beach, Nassau County, New York, this property is currently occupied by a 3,019 square foot Burger King with a drive-thru. The property features 19 parking spaces, supplemented by 28 municipal parking spaces on East Park Avenue and 36 municipal parking spaces on Edwards Boulevard. It is located directly across from the Long Beach LIRR train station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Roger P. ... Physician Theretha Gilbert, NP Physician Long Beach Express ... Roofing Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Nassau
    State
    New York
    Longitude
    -73.6643369
    Latitude
    40.5881505

    Nearby Similar for Lease

    • $3,500 /Mo

      Move-in Ready Office in Long Beach

      Professional office space in Long Beach's financial district.
      20 Park St W, Long Beach, NY 11561
      View Details
    • $2,500 /Mo

      Retail Space in Long Beach

      Commercial space in West End Long Beach, approximately 700+ sqft.
      1048 W Beech St, Long Beach, NY 11561
      View Details
    • $3,500 /Mo
      1,000 SF

      Retail Space Near LIRR Station

      Prime retail space in Long Beach, high-visibility location, foot traffic.
      138 E Park Ave, Long Beach, NY 11561
      View Details
    • $2,000 /Mo
      275 SF

      Long Beach Office Space Available

      Second-floor office space in Long Beach, approximately 275 square feet.
      100 W Park Ave, Long Beach, NY 11561
      View Details
    • $2,400 /Mo
      495 SF

      Long Beach Office Space Available

      Second-floor office space with elevator in Long Beach, NY.
      100 W Park Ave, Long Beach, NY 11561
      View Details
    • $1,450 /Mo
      800 SF

      Renovated Office Suite Near LIRR

      Recently renovated office suite for lease, near train and amenities.
      350 National Blvd, Long Beach, NY 11561
      View Details
    • $1,500 /Mo

      Upscale Office Space in Spa

      Modern office space within a high-end medical spa setting.
      136 E Park Ave, Long Beach, NY 11561
      View Details
    • $4,500 /Mo

      Retail Storefront with Finished Basement

      Retail space with finished basement, currently medical use, delivered vacant.
      28 Park Ave, Long Beach, NY 11561
      View Details
    • $4,500 /Mo

      Long Beach Office Space Available

      1800 sq ft office space for lease in Long Beach.
      54 W Park Ave, Long Beach, NY 11561
      View Details
    • $2,750 /Mo

      Move-in Ready Office Space Available

      Well-maintained office space with street-level signage and ample parking.
      212 W Park Ave, Long Beach, NY 11561
      View Details
    • $5,500 /Mo

      Street Level Office/Storefront For Rent

      Street level office/storefront in practically Class A condition for rent.
      214 W Park Ave, Long Beach, NY 11561
      View Details
    • $4,900 /Mo

      Retail Storefront in Prime Location

      High-traffic retail space near beach and commercial district.
      227 E Park Ave, Long Beach, NY 11561
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - 3,019 SF restaurant space with drive-thru and parking.
    Where is this drive through restaurant located?
    The property is located at 2 E Park Ave Long Beach, NY.
    What are key features of this property?
    This property features: - Prime location directly across from the Long Beach LIRR train station.; - Existing Burger King with drive-thru (3,019 sf).; - High-traffic area at the intersection of East Park Avenue, West Park Avenue, and near Long Beach Boulevard.
    (312) 848-9440 Call to check price and availability
    Request Owner's contact information
    2 E Park Ave Long Beach, NY 11561
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2 E Park Ave
    Long Beach, NY 11561
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 E Park Ave Long Beach, NY 11561
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Andrew Aberham
    (312) 848-9440 (800) 545-7442 (212) 951-3833
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!