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    310 Bay Walk Ocean Beach, NY 11770

    Sponsored
    For Sale
    $4,995,000

    Prime Ocean Beach Commercial Property, High Occupancy

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 310 Bay Walk in Ocean Beach, New York, presents a rare investment opportunity. The 10,000 square foot complex consists of two connected, two-story buildings, offering a unique blend of retail and executive office space. The ground floor is zoned for diverse uses, including restaurants, retail shops, and an ice cream parlor, while the upper floors comprise approximately 4,000 square feet, featuring 23 bedrooms, 6 bathrooms, and laundry facilities. Currently operating at 100% occupancy, this fully leased property boasts a strong 6.4% cap rate and significant upside potential. Situated on Bay Walk, across from the Village Green promenade, this location benefits from high foot traffic in the heart of Ocean Beach. The property sits on a 17-acre lot and is priced at $4,995,000, with a price per square foot of $499.50. The lease type is modified, and the tenancy is multi-tenant. 50% ownership is also available. This property offers a unique opportunity to capitalize on the thriving Ocean Beach market, a desirable destination just a short distance from Manhattan, yet offering the tranquility of Fire Island's beaches and natural beauty. Pets are allowed.

    Property Features for 310 Bay Walk

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,000 SF
    Lot Size
    740,520 SF

    HighLights

    • Pets allowed.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Landing Bistro Seafood Restaurant Taco Beach Mexican Restaurant Scoops Ice Cream Shop ATM Machine at The Baywalk ... Atm

    Suggested Use

    HVAC Service Women's Store Bakery Tech Support Center Bed & Breakfast Pet Store Pet Supply Store Breakfast Farmer's Market Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Beach
    County
    Suffolk
    State
    New York
    Longitude
    -73.1577229
    Latitude
    40.6486976

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Ocean Beach Commercial Property, High Occupancy
    Where is this office property / space located?
    The property is located at 310 Bay Walk Ocean Beach, NY.
    What is the asking price?
    The asking price for this property is $4,995,000.
    What are key features of this property?
    This property features: Pets allowed.; ;
    Request Owner's contact information
    310 Bay Walk Ocean Beach, NY 11770
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    Ocean Beach, NY 11770
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    Realmo Value Estimation

    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.

    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.

    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
    310 Bay Walk Ocean Beach, NY 11770
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