311 Woods Ave Oceanside, NY 11572
- Office Properties & Spaces
- 8,374 SF
Current Use by Public Records
- DDC Technologies Inc / Manufacturer
Property Details for 311 Woods Ave
- Year built
- 1920
- Property size
- 8,374 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Office space
Description
This exceptional Class A creative office building at 311 Woods Ave, Oceanside, NY 11572, presents a unique investment opportunity. The 8,374 square foot property, built in 1920 and impeccably maintained, is currently 100% occupied with a multi-tenant lease structure. The asking price is $2,300,000, translating to a price per square foot of $274.66. This translates to a highly attractive 7.00% cap rate, promising strong investment returns. The building's current occupancy ensures immediate cash flow, with the lease expiring on August 20, 2024. Situated in Nassau County, this property offers a blend of historical charm and modern functionality, making it an ideal investment for discerning buyers seeking a stable, high-yield asset in a desirable location. The property's "Creative Office" designation suggests a flexible layout suitable for a variety of businesses. This is a rare opportunity to acquire a fully leased, high-performing asset in the thriving Oceanside market. The strong cap rate and 100% occupancy make this an exceptional investment opportunity with immediate returns.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oceanside
- County
- Nassau
- State
- New York
- Longitude
- -73.6418
- Latitude
- 40.6425
