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    Property profile & analytics
    OFF-MARKET Estimated value $17,120,000
    Strip malls

    101 Shr Rd, Port Washington, NY 11050-2259

    27,732 SF 7.88 ac lot Built 1962
    Entity Owned 9-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-4151508
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Citibank ATM Atm
    • Target Grocery Grocery & Convenience Store Food Market
    • Target Mobile Mobile Phone Store Electronics & Wireless Store
    • Target Department Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $19.75M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $17.12M
    Owner & transaction history
    Lbubs 2007-c7 Shore Road LLC · 9 yrs held
    Lbubs 2007-c7 Shore Road LLC
    since 2017
    2 recorded transactions
    2017
    $11.0M
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $24.6M +1.2%
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