Add Listing
    For Sale
    • 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

    2304 Union Blvd Bayshore, NY 11706

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

    2,671 SF commercial building on 0.39 acres in Bay Shore.

    Property size:
    2,671 SF
    Lot size:
    0.39 Acres

    Property Features for 2304 Union Blvd

    General Information

    Standard status
    Active
    Zoning
    BU3
    Size
    2,671 SF
    Lot size
    0.39 Acres

    We can help!

    Listing Contact
    Christopher Cardenas
    Source: Crexi

    Listing Agency: Tripoint Real Estate Listing Agent: Christopher Cardenas

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

    Learn more

    Overview

    Commercial Building on Union Boulevard

    The property at 2304 Union Boulevard in Bay Shore, Town of Islip, Suffolk County, New York, is a commercial building with approximately 2,671 square feet of space on a site of approximately 0.39 acres. Configured as a single-tenant building, it offers functional space suitable for service-oriented businesses, contractors, automotive users, or neighborhood retail operations. The site provides approximately 20 on-site parking spaces and benefits from direct frontage along Union Boulevard, offering local visibility and accessibility.
    Location Intelligence

    Current Use by Public Records

    Michael Anthony Auto ... Auto Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bayshore
    County
    Suffolk
    State
    New York
    Longitude
    -73.230427
    Latitude
    40.729951

    Nearby Similar for Sale

    • $795,000
      2,600 SF

      Renovated Commercial Building with Parking

      2,600 SF renovated building with parking and development potential.
      20 Ackerson St, Bayshore, NY 11706
      View Details
    • $750,000
      1,688 SF

      Professional Office Space on Main

      Professional office space in Bay Shore's growing business corridor.
      180 E Main St, Bayshore, NY 11706
      View Details
    • $1,999,999
      8,000 SF

      Bay Shore Commercial Brick Building

      Well-maintained 8,000 SF building on 1.49-acre corner lot.
      1420 Union Blvd, Bayshore, NY 11706
      View Details
    • $3,699,000

      Commercial Investment Property For Sale

      Triple net lease, 100% occupied commercial investment property.
      375-381 E Main St, Bayshore, NY 11706
      View Details
    • $795,000

      Renovated Commercial Building with Parking

      2,600 SF renovated building with parking and business potential.
      20 Ackerson St, Bayshore, NY 11706
      View Details
    • $975,000

      Corner Commercial Building with Exposure

      Well-maintained commercial building with excellent visibility and ample parking.
      93 N Clinton Ave, Bayshore, NY 11706
      View Details
    • $975,000

      Corner Commercial Building with Parking

      Well-maintained commercial building with excellent exposure and ample parking.
      93 N Clinton Ave, Bayshore, NY 11706
      View Details
    • $649,900
      Pending

      Bay Shore Office Building

      Office building in Bay Shore, NY, 1750 square feet.
      245 Bay Shore Rd, Bayshore, NY 11706
      View Details
    • $119,000

      Established Salvadorean Deli For Sale

      Turn-key Salvadorean deli with loyal customer base.
      1589 Manatuck Blvd, Bayshore, NY 11706
      View Details
    • $1,999,999

      Two-Story Brick Building For Sale

      Well-maintained 8,000 SF building with full kitchen and parking.
      1420 Union Blvd, Bayshore, NY 11706
      View Details
    • $119,000

      Established Salvadorean Deli For Sale

      Turn-key Salvadorean deli with loyal customer base and prime location.
      1589 Manatuck Blvd, Bayshore, NY 11706
      View Details
    • $3,350,000

      Established Grocery Store For Sale

      Long-standing, family-owned grocery store, ice cream shop, and deli.
      21 Broadway, Bayshore, NY 11706
      View Details

    FAQs

    What type of property is this?
    Retail space - 2,671 SF commercial building on 0.39 acres in Bay Shore.
    Where is this retail space located?
    The property is located at 2304 Union Blvd Bayshore, NY.
    What are key features of this property?
    This property features: - Direct frontage on Union Boulevard provides **strong local visibility and accessibility**.; - Approximately 20 on-site parking spaces.; - **\u00b12,671 square foot commercial building** on approximately \u00b10.39 acres.
    Request Owner's contact information
    2304 Union Blvd Bayshore, NY 11706
    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.
    2304 Union Blvd
    Bayshore, NY 11706
    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
    2304 Union Blvd Bayshore, NY 11706
    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!
    Listing Contact
    Christopher Cardenas
    Real Estate License ID: 10491213447
    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!