Property profile

101 Shr Rd Port Washington, NY 11050

OFF-MARKET
Strip malls
Property ID
US63-4151508
27,732 SF 7.88 ac lot Built 1962
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional medical office opportunity is located at 101 Shore Rd, Port Washington, NY 11050, within the Soundview Marketplace shopping center. The property boasts a total of 57,281 square feet, offering multiple tenancy options. Currently, there are 26,094 square feet of vacant space available, divisible into units ranging from a minimum of 3,996 square feet to a maximum contiguous space of 22,098 square feet. The building features impressive 20-foot ceilings, providing ample space and flexibility for various medical practices. Situated on scenic Shore Drive, this prime location benefits from high visibility and foot traffic, enhanced by its position within a thriving shopping center anchored by national brands such as Target, TJ Maxx, and Walgreens. The property's location in Nassau County, on Long Island's affluent North Shore, and its stunning views of Manhasset Bay, make it an ideal location for medical professionals seeking a high-profile and accessible space to serve the community. The property is classified as Retail, Office, and Restaurant, with a subtype of Medical Office and Shopping Center. This presents a unique opportunity to establish or expand a medical practice in a highly desirable and well-established commercial setting.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1962
Total area 27,732 SF
Lot 7.88 ac (343,253 SF)
APN 04-129-00-0014-B
UPID US63-4151508

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Grocery & Convenience Store Food Market
  • Mobile Phone Store Electronics & Wireless Store
  • Department Store

Location

101 Shr Rd Port Washington, NY 11050-2259
Port Washington metro Census 301102 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$19.75M
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2017
2 recorded transactions
2017
$11.0M
2014
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $24.6M +1.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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