Mixed-Use Property with
For Sale
$1,800,000
2453 Long Beach Road, Oceanside, NY 11572
An operating walk-in restaurant is paired with attached retail space, offices, apartments, and storage areas.
Property Size2,800 SF
Price / SF$642.86
Days on Market125
Property Features for 2453 Long Beach Road
General Information
Standard status
Active
Size
2,800 SF
Total Parking Spaces
6
Property subtype
Commercial
Site & Location
Utilities to Site
Yes
Mixed-Use Components
retail, restaurant, office, residential
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$21,481
Building Details
Building Size
2,800 SF
Year Built
1977
Stories
2
Units
5
Listing Agency:
Gull Realty Inc
(516) 889-4600
Listed By:
Maria R. Aramanda
(516) 849-6035
Source:
Croninreale
Added: Jun 23
Changed: Oct 24
Last Checked: Oct 23 at 5:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gull Realty Inc
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Investment Insights
Based on property information with market context.
At 2453 Long Beach Road, the mixed-use property includes an active walk-in restaurant and an attached retail store described as newly renovated. The main level also contains three offices, while three apartments occupy the upper floor. Additional space includes a six-car garage, a large storage area, and a basement. The property was built in 1977.
Building updates include a new roof, updated sewer lines, an updated heating system, gas heat, and updated electrical service. A large rear lot provides room for expansion.
Building updates include a new roof, updated sewer lines, an updated heating system, gas heat, and updated electrical service. A large rear lot provides room for expansion.
Key Highlights
- Active walk‑in restaurant with attached newly renovated retail store
- Three offices on the main level and three apartments upstairs
- Six‑car garage, large storage area, and basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,591
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,591,820
$2.6M
Cap Rate 7%
$1,851,300
$1.9M
Cap Rate 9%
$1,439,900
$1.4M
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$184.8K $66.00/SF
− Vacancy
−$12.0K −$4.29/SF
EGI
$172.8K $61.71/SF
− OpEx
−$43.2K −$15.43/SF
NOI
$129.6K $46.28/SF
Area
Nassau County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,591,820
Cap Rate 7%
$1,851,300
Cap Rate 9%
$1,439,900
Alternative Uses
Best Use
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,591 @ 7.0% cap · market cap 7.20%
Second Best
Retail
$792.1K
$693.1K – $924.1K
NOI $55,448 @ 7.0% cap · market cap 3.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,417
Businesses Nearby
Explore this area
Business Placement
Demographics for 11572, NY
31,157
Population
10,811
Households
2.9
Avg Household Size
44
Median Age
48%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
6,491
Density / Sq Mi
$144,419
Median Household Income
$61,627
Median Earnings
$2,118
Median Rent
$627,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An operating walk-in restaurant is paired with attached retail space, offices, apartments, and storage areas.
Where is this mixed-use property located?
The property is located at 2453 Long Beach Road Oceanside, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Active walk‑in restaurant with attached newly renovated retail store; Three offices on the main level and three apartments upstairs; Six‑car garage, large storage area, and basement
