Auto Repair Shop with 7 Garage
3 Anchor Ave, Oceanside, NY 11572
For Sale
Contact for pricing
The repair-oriented commercial space is configured for automotive service operations.
Property Size3,300 SF
Lot Size0.10 Acres
Price / SF$393.64
Days on Market33
Property Features for 3 Anchor Ave
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Automotive Uses
Real Estate Included
Listing Agency:
Tripoint Real Estate
Listed By:
Christopher Cardenas · License NY #10491213447
Source:
Crexi
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 8 at 5:37PM
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 Tripoint Real Estate
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Investment Insights
Based on property information with market context.
Located at 3 Anchor Avenue in Oceanside, this automotive service property contains approximately 3,300 square feet of commercial space on approximately 0.10 acres. Its layout is configured for repair and service operations, with seven garage doors.
Key Highlights
- Seven garage doors
- Approximately 3,300 square feet of commercial space
- Approximately 0.10 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,350
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,307,000
$1.3M
Cap Rate 7%
$933,571
$933.6K
Cap Rate 9%
$726,111
$726.1K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$99.0K $30.00/SF
− Vacancy
−$5.6K −$1.71/SF
EGI
$93.4K $28.29/SF
− OpEx
−$28.0K −$8.49/SF
NOI
$65.3K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,307,000
Cap Rate 7%
$933,571
Cap Rate 9%
$726,111
Alternative Uses
Best Use
Retail
$933.6K
$816.9K – $1.09M
NOI $65,350 @ 7.0% cap · market cap 5.03%
Second Best
Industrial
$674.7K
$590.3K – $787.1K
NOI $47,227 @ 7.0% cap · market cap 3.64%
Theoretical Best
Specialty Retail
$2.18M
$1.91M – $2.55M
NOI $152,732 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,340
Businesses Nearby
Well-served
Demand for This Use
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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Market
Properties on Market for Auto shops in Nassau County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Ppg Collision Repair Center — 3365 Riverside Dr, Oceanside, NY 11572
- Gee Bee Motors — 3365 Riverside Dr, Oceanside, NY 11572
- Nys Limitless Auto — 3375 Lawson Blvd, Oceanside, NY 11572
- Mr rim repair corp 2 — 3391 Lawson Blvd, Oceanside, NY 11572
- Sunny's Transmissions — 3375 Lawson Blvd, Oceanside, NY 11572
Frequently Asked Questions
What type of property is this?
Auto shop - The repair-oriented commercial space is configured for automotive service operations.
Where is this auto shop located?
The property is located at 3 Anchor Ave Oceanside, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Seven garage doors; Approximately 3,300 square feet of commercial space; Approximately 0.10 acres
