310 Bay Walk Ocean Beach, NY 11770
- Retail properties
- 10,000 SF
- 17.00 lot acres
Current Use by Public Records
- The Landing Bistro / Seafood Restaurant / Restaurant
- Taco Beach / Mexican Restaurant
- Scoops / Ice Cream Shop
- ATM Machine at The Baywalk Cafe / Atm
Property Details for 310 Bay Walk
- Lot size
- 17.00 lot acres
- Property size
- 10,000 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ocean Beach
- County
- Suffolk
- State
- New York
- Longitude
- -73.1577
- Latitude
- 40.6487
