Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Long Beach Mixed-Use Building Title is generated by Realmo AI

    166 W Park Avenue, Long Beach, NY 11561

    View on Map
    Claim this Listing
    For Sale
    $1,150,000

    COMMERCIAL - Long Beach, NY

    Lot size:
    0.05 Acres
    Added:
    Feb 5, 2026
    Days on Market:
    97
    Last Refresh:
    May 13 at 1:06 am

    Property Features for 166 W Park Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    BUS A
    Standard status
    Active
    APN
    1000-59-071-00-0007-0
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    32997

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1929
    Floors in Building
    2

    We can help!

    Listing Contact
    Vincent Koo CBR SRS
    Vincent Koo CBR SRS

    Listing agent Vincent Koo CBR SRS

    Listing office EXP Realty 6856 Groton St, Hauppauge, NY

    Listing date Feb 5, 2026

    MLS# 957602

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location on a bustling street with high visibility.
    • First floor is a fully equipped, well‑established grocery store.
    • Upstairs is delivered vacant, offering a blank canvas for customization.
    • Short distance from the beach, offering a balance of work and leisure.
    • Large display windows providing excellent visibility and natural light.
    • Located in Long Beach, known for its vibrant community and thriving local businesses.

    Overview

    This spacious building is located on a bustling street in Long Beach, NY, and offers possibilities for business and residential use. Currently, the first floor is utilized as a well-established grocery store, while the upstairs is delivered vacant. The first floor features a fully equipped grocery store, complete with refrigeration units, shelving, and ample space for inventory. Large display windows allow for visibility and natural light. The property is situated just a short distance from the beach. Long Beach is known for its vibrant community and thriving local businesses, making this location highly sought-after. The lot size is 0.0459 acres. The zoning is BUS A.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Long Beach TKD ... Training Center The Chop Shop Hair Salon

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • Felicia Restaurant & Bar — 26 E Park Ave, Long Beach, NY 11561
    • Walgreens — long beach, ny 11561

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Nassau
    State
    New York
    Longitude
    -73.6691459
    Latitude
    40.5880941

    Nearby Similar for Sale

    • $1,250,000
      3,397 SF

      Income-Producing Multifamily Property in Long Beach

      Renovated residential property with income potential near Long Beach.
      121 W Chester Street, Long Beach, NY 11561
      View Details
    • $649,875

      Renovated Office/Convertible Single Family

      Renovated doctor's office, convertible to single-family home.
      714 E Park Avenue, Long Beach, NY 11561
      View Details
    • $950,000

      Renovated Colonial Two-Family Home

      Updated two-family home in Long Beach, NY with modern amenities.
      149 W Market Street, Long Beach, NY 11561
      View Details
    • $889,000

      Renovated Two-Family Home Near Beach

      Pristine, renovated two-family home near the beach and boardwalk.
      610 Monroe Boulevard, Long Beach, NY 11561
      View Details
    • $998,000

      Beachside Two-Family Home with Parking

      Two-family home near the beach with parking and outdoor space.
      105 Mitchell Ave, Long Beach, NY 11561
      View Details
    • $1,260,000

      Legal Two-Family Beach Side Property

      Two-family home near the beach with income potential.
      414 E Olive Street, Long Beach, NY 11561
      View Details
    • $899,000

      Updated Two-Family Home in Long Beach

      Renovated two-family home with modern amenities in Long Beach, NY.
      220 E Chester Street, Long Beach, NY 11561
      View Details
    • $789,000

      Long Beach Two-Family Home

      Two-family home with yard and terrace, near all amenities.
      167 W Chester Street, Long Beach, NY 11561
      View Details
    • $4,900,000

      Renovated Office Building in Long Beach

      Fully renovated Class B office building in vibrant Long Beach.
      120 W Park Ave, Long Beach, NY 11561
      View Details
    • $1,150,000

      Mixed-Use Building Near Beach

      Grocery store with residential potential near the beach.
      166 W Park Ave, Long Beach, NY 11561
      View Details
    • $1,438,000

      FEMA-Compliant Two-Family Beachside Home

      Two-family home in West End, Long Beach with ocean views.
      23 Arizona Avenue, Long Beach, NY 11561
      View Details
    • $719,000

      Charming Two-Family Home

      Two-family home near shops and transportation in Long Beach, NY.
      213 E Market Street, Long Beach, NY 11561
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Prime location, grocery store with vacant upstairs, near beach.
    Where is this grocery and convenience store located?
    The property is located at 166 W Park Avenue Long Beach, NY.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: Prime location on a bustling street with high visibility.; **First floor is a fully equipped, well‑established grocery store.**; Upstairs is delivered vacant, offering a blank canvas for customization.
    (917) 920-6386
    We can help!
    Listing Contact
    Vincent Koo CBR SRS
    Vincent Koo CBR SRS
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    166 W Park Avenue, Long Beach, NY 11561
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!