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    Property profile & analytics
    OFF-MARKET Estimated value $1,085,000
    Retail space

    164 Park Ave, Long Beach, NY 11561-3317

    1,800 SF 0.05 ac lot Built 1929
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US63-1825291
    Property summary
    AI-generated overview

    This exceptional two-story, 3,516 square foot Class A medical office building, located at 164 W Park Ave in Long Beach, NY 11561, presents a unique owner-user investment opportunity. Completely renovated in 2023, this property boasts a modern design and is ideally suited for a variety of medical practices or retail uses. The building features one unit across two stories, with an elevator ensuring convenient access. Situated on a 2,000 square foot lot, the building includes a fully finished 1,800 square foot basement, adding significant usable space. Originally constructed in 1929, the recent renovations have transformed this property into a turnkey solution, approximately 90% complete as designed for a veterinary office. Complete architectural drawings are available, streamlining the transition for new owners. This vacant property offers immediate occupancy and the chance to establish a thriving business in a highly desirable Long Beach location. The asking price is $1,550,000. Don't miss this rare opportunity to acquire a meticulously renovated building in a prime Nassau County location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1929
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 1,800 SF
    Lot 0.05 ac (2,000 SF)
    APN 59-071-00-0008
    UPID US63-1825291
    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
    • Law Office Of Nelson A Vinokur, Esq Law Firm
    • Beach Veterinary Care Veterinary Clinic
    • Beach Buds Dog Walking Kennel & Boarding Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $995k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.06M
    Blend (final) Blend
    $1.09M
    Owner & transaction history
    164 West Park Ave Long Beach LLC · 2 yrs held
    164 West Park Ave Long Beach LLC
    since 2023
    Last sale
    $1.1M
    7 recorded transactions
    2023
    $1.1M
    2020
    $810,000
    2020
    2013
    $550,000
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $1.6M +54.0%
    Office building $1.3M +23.8%
    Auto repair, garage $1.2M +15.3%
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