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Strip Center With Multiple Tenants
For Sale
$2,180,000
Pending

2873-2879 Long Beach Rd, Oceanside, NY 11572

Strip center with three established tenants and approximately 20 rear parking spaces plus access to municipal parking.

Property Size12,049 SF
Days on Market139

Property Features for 2873-2879 Long Beach Rd

General Information

Standard status Pending
Size 12,049 SF
Total Parking Spaces 20
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $74,197

Building Details

Building Size 12,049 SF
Year Built 1940
Units 3
Tenancy Multi
Listing Agency: SELECTIVE PROPERTIES INC
Listed By: Nicole Adhami
Source: Elliman
Added: Jun 3 Changed: Oct 4 Last Checked: Oct 19 at 6:56AM

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 SELECTIVE PROPERTIES INC

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Investment Insights

Based on property information with market context.

This for-sale strip center offers a multi-tenant retail configuration with three established tenants in a high-visibility setup. The property includes approximately 20 parking spaces located at the rear, along with additional parking access via attached free municipal parking. The seller is offering the asset in as-is condition.

The building is located at 2873–2879 Long Beach Road in Oceanside, New York. Parking is positioned behind the center, supported by the attached municipal parking arrangement intended to support customer access.

For buyers seeking a retail strip center with existing tenancy, the current mix of three established tenants provides an operational starting point. The as-is offering should be considered for underwriting and due diligence, including review of tenant conditions and any required updates. Please do not disturb tenants.

Key Highlights

  • Strip center built in 1940 with 3 established tenants
  • Approx. 20 parking spaces in the back plus access to attached free municipal parking
  • Rents are currently below market value

Property Analytics

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Current Use

Strip malls

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Tech Support Center Furniture & Home Goods Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,138
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Strip mall - Strip center with three established tenants and approximately 20 rear parking spaces plus access to municipal parking.
Where is this strip mall located?
The property is located at 2873-2879 Long Beach Rd Oceanside, NY.
What is the asking price?
The asking price for this property is $2,180,000.
What are key features of this property?
This property features: Strip center built in 1940 with 3 established tenants; Approx. 20 parking spaces in the back plus access to attached free municipal parking; Rents are currently below market value
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