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    221-223 E Park Ave Long Beach, NY 11561

    For Sale
    $1,750,000

    Two-story renovated retail storefront near high-traffic Long Beach intersection.

    Lot size:
    0.09 Acres

    Property Features for 221-223 E Park Ave

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1955

    Source: BERKSHIRE HATHAWAY Agent Adam M. Butter

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

    Overview

    Renovated Retail Storefront Near All

    This two-story retail storefront, renovated in 2019, is located near a high-traffic intersection in Long Beach. The property was originally configured as three units, including two storefronts and an upper level. Currently owner-occupied for medical or health-related use, the building features a rooftop and central air conditioning. Parking is available on the street and in a public lot or center island. The property is situated near two gyms, a Chase Bank, Chipotle, and a Mobile gas station. The landlord has the option to remain as a tenant. The projected monthly rent is approximately $12,000 to $13,000. Expenses include insurance at $10,850, flood insurance at $3,600, electricity at $1,200, and gas at $300. The lower level has two central air conditioning units, while the upper level has a split unit.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Similar Places Nearby

    Caddy Up Solutions, LLC, Stop & Shop Florist

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Nassau
    State
    New York
    Longitude
    -73.657265
    Latitude
    40.5889413

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    FAQs

    What type of property is this?
    Storefront property - Two-story renovated retail storefront near high-traffic Long Beach intersection.
    Where is this storefront property located?
    The property is located at 221-223 E Park Ave Long Beach, NY.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - High-traffic location in Long Beach near major amenities.; - Renovated in 2019.; - Potential rental income of $12k-$13k monthly.
    (516) 459-2615
    Request Owner's contact information
    221-223 E Park Ave Long Beach, NY 11561
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    Long Beach, NY 11561
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    Realmo Value Estimation

    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.

    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.

    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
    221-223 E Park Ave Long Beach, NY 11561
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