Mixed-Use Storefront with Upstairs
302 Main Street, Port Washington, NY 11050
For Sale
$899,000
Ground-floor commercial space is paired with a one-bedroom apartment, basement, and rear parking.
Property Size2,574 SF
Price / SF$349.26
Days on Market50
Property Features for 302 Main Street
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Additional Details
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Daniel Gale Sothebys Intl Rlty
(516) 883-2900
Listed By:
Francesca Morrocu Blass SFR
(516) 857-1750
Source:
Croninreale
Added: Sep 21
Changed: Nov 7
Last Checked: Nov 8 at 2:21PM
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 Daniel Gale Sothebys Intl Rlty
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Investment Insights
Based on property information with market context.
This mixed-use building at 302 Main Street combines a ground-floor storefront with a second-floor one-bedroom residence. The apartment includes a living room, kitchen, and full bathroom. A full basement adds space for storage or work, and one dedicated parking space is located at the rear. The property contains approximately 2,574 square feet and was built in 1926.
The building is situated on Main Street in Port Washington, with storefront frontage along the street.
The building is situated on Main Street in Port Washington, with storefront frontage along the street.
Key Highlights
- Ground‑floor storefront with a second‑floor one‑bedroom residence
- Apartment includes a living room, kitchen, and full bath
- Full basement and one dedicated rear parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,973
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,460
$1.0M
Cap Rate 7%
$728,186
$728.2K
Cap Rate 9%
$566,367
$566.4K
Market Conditions
NOI Build-Up for 2,574 SF
Gross rent
$77.2K $30.00/SF
− Vacancy
−$4.4K −$1.71/SF
EGI
$72.8K $28.29/SF
− OpEx
−$21.8K −$8.49/SF
NOI
$51.0K $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%
$1,019,460
Cap Rate 7%
$728,186
Cap Rate 9%
$566,367
Alternative Uses
Best Use
Retail
$728.2K
$637.2K – $849.6K
NOI $50,973 @ 7.0% cap · market cap 5.67%
Second Best
Mixed Use
$507.4K
$444.0K – $592.0K
NOI $35,521 @ 7.0% cap · market cap 3.95%
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.99M
NOI $119,131 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
975
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Home Improvements & Furnishings 8%
Shell
Shops & Services
6,222 visits/mo
0.5 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
572 visits/mo
0.3 miles
Demographics for 11050, NY
31,512
Population
12,329
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
10.1 sq mi
ZIP Area
3,120
Density / Sq Mi
$153,819
Median Household Income
$78,132
Median Earnings
$2,454
Median Rent
$990,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Nassau County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with a one-bedroom apartment, basement, and rear parking.
Where is this mixed-use property located?
The property is located at 302 Main Street Port Washington, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Ground‑floor storefront with a second‑floor one‑bedroom residence; Apartment includes a living room, kitchen, and full bath; Full basement and one dedicated rear parking space
