Add Listing
    For Lease
    • 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

    179 Park Ave Long Beach, NY 11561

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime 11,313 SF Medical Office for Lease

    Lot size:
    11,313 SF

    Property Features for 179 Park Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,313 SF

    Spaces For Lease

    at 179 Park Ave, Long Beach, NY 11561 Contact us

    We can help!

    Listing Contact
    Joanne Argenti
    Joanne Argenti

    Listing Agency: Ripco Real Estate Listing Agent: Joanne Argenti

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

    Learn more

    Overview

    This exceptional 11,313-square-foot medical office building is available for lease at 179 E Park Ave in Long Beach, New York. Located in Nassau County, this single-tenant property presents a unique opportunity for medical practices seeking a prominent location. The building offers ample space for a variety of medical uses, with the entire 11,313 square feet currently vacant and ready for immediate occupancy. The property is classified as Retail, Office, and Restaurant, but is currently being marketed as a medical office space. Convenient parking is provided with 25 spaces in a dedicated lot. The building's address is 179 E Park Ave, Long Beach, NY 11561. Its prime location within Long Beach offers excellent visibility and accessibility for patients and staff. This is an exceptional opportunity to establish or expand a medical practice in a thriving Long Island community. The property's size and layout provide flexibility for various medical specialties. The ample parking ensures convenient access for patients and staff. The building's location in Long Beach, NY offers a strong patient base and a vibrant community atmosphere. This single-tenant building provides a unique opportunity for a medical practice to establish a strong presence in a desirable location. Interested parties should inquire for lease terms and conditions.
    Property Profile Location Intelligence

    Current Use by Public Records

    179 E Park ... Parking Lot & Garage Appliance Repair Long ... Home Appliance Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Nassau
    State
    New York
    Longitude
    -73.6588312
    Latitude
    40.5889354

    Nearby Similar for Lease

    • $3,500 /Mo

      Move-in Ready Office in Long Beach

      Professional office space in Long Beach's financial district.
      20 Park St W, Long Beach, NY 11561
      View Details
    • $2,500 /Mo

      Retail Space in Long Beach

      Commercial space in West End Long Beach, approximately 700+ sqft.
      1048 W Beech St, Long Beach, NY 11561
      View Details
    • $3,500 /Mo
      1,000 SF

      Retail Space Near LIRR Station

      Prime retail space in Long Beach, high-visibility location, foot traffic.
      138 E Park Ave, Long Beach, NY 11561
      View Details
    • $2,000 /Mo
      275 SF

      Long Beach Office Space Available

      Second-floor office space in Long Beach, approximately 275 square feet.
      100 W Park Ave, Long Beach, NY 11561
      View Details
    • $2,400 /Mo
      495 SF

      Long Beach Office Space Available

      Second-floor office space with elevator in Long Beach, NY.
      100 W Park Ave, Long Beach, NY 11561
      View Details
    • $1,450 /Mo
      800 SF

      Renovated Office Suite Near LIRR

      Recently renovated office suite for lease, near train and amenities.
      350 National Blvd, Long Beach, NY 11561
      View Details
    • $1,500 /Mo

      Upscale Office Space in Spa

      Modern office space within a high-end medical spa setting.
      136 E Park Ave, Long Beach, NY 11561
      View Details
    • $4,500 /Mo

      Retail Storefront with Finished Basement

      Retail space with finished basement, currently medical use, delivered vacant.
      28 Park Ave, Long Beach, NY 11561
      View Details
    • $5,300 /Mo

      Long Beach Office Space Available

      1800 sq ft office space for lease in Long Beach.
      54 W Park Ave, Long Beach, NY 11561
      View Details
    • $2,900 /Mo

      Medical Office Space Available

      Medical office space for lease featuring multiple exam rooms.
      724 E Park Ave, Long Beach, NY 11561
      View Details
    • $2,750 /Mo

      Move-in Ready Office Space Available

      Well-maintained office space with street-level signage and ample parking.
      212 W Park Ave, Long Beach, NY 11561
      View Details
    • $6,000 /Mo

      Street Level Office/Storefront For Rent

      Street level office/storefront in practically Class A condition for rent.
      214 W Park Ave, Long Beach, NY 11561
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime 11,313 SF Medical Office for Lease
    Where is this restaurant located?
    The property is located at 179 Park Ave Long Beach, NY.
    What are key features of this property?
    This property features: Landlord open to subdividing space.; High-profile location at the signalized intersection of Long Beach Boulevard and East Park Avenue (NW corner).; Excellent visibility from Long Beach Boulevard and East Park Avenue.
    Request Owner's contact information
    179 Park Ave Long Beach, NY 11561
    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.
    179 Park Ave
    Long Beach, NY 11561
    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
    179 Park Ave Long Beach, NY 11561
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joanne Argenti
    Joanne Argenti
    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!