1 Channel Dr Port Washington, NY 11050
This stunning, recently renovated (2023) 7,448 square foot office building is available for sale at $3,500,000. Located at 1 Channel Drive in Port Washington, NY 11050, this Class B, single-story building sits on a 0.61-acre lot with 17 parking spaces. The property boasts a prime location, offering excellent visibility and accessibility in a thriving business district, just one block from Manhasset Bay. The interior features a modern, high-end design with spacious private offices, open work areas, and state-of-the-art meeting rooms equipped with high-speed Wi-Fi and video conferencing capabilities. The flexible layout is ideal for a single tenant or an owner-operator seeking a professional and vibrant work environment. The building is currently vacant and ready for immediate occupancy. Its C-2 Commercial (Office) zoning ensures versatile usage options. This turnkey property presents a rare opportunity to own a luxury office space in a highly desirable Long Island location, benefiting from proximity to waterfront dining, retail, and transportation. The property's features, combined with its exceptional location, make it an attractive investment opportunity. The building was constructed in 1963.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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