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Property profile & analytics
OFF-MARKET
Drive through restaurants

2 Park Ave Long Beach, NY 11561-3504

2,340 SF 0.46 ac lot Built 1984
Entity Owned 7-yr Hold Free & Clear
Property ID
US63-2572825
Property summary
AI-generated overview

This exceptional 2,500 square foot restaurant space presents a unique investment opportunity on a prime corner lot in Nassau County. Located directly across from the Long Island Rail Road station, this property benefits from exceptionally high pedestrian traffic, making it an ideal location for a thriving food service business. The building features a striking wrap-around glass frontage, ensuring maximum visibility and attracting customers. Previously a restaurant, the space is equipped with existing hoods and vents, significantly reducing start-up costs and streamlining the setup process for a new tenant. A new long-term lease is available, offering stability and security for the future. The property's location on a high-traffic corner, combined with its proximity to the LIRR station and its existing restaurant infrastructure, makes it a truly exceptional opportunity for a discerning investor or restaurateur seeking a turnkey operation in a bustling area. No key money is required. The property is situated near Edwards St. and is a single-tenant space. This is the highest pedestrian traffic area in town.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1984
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,340 SF
Lot 0.46 ac (19,994 SF)
APN 59-097-00-0001
UPID US63-2572825
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
  • Dr. Roger P. Feldman, MD Physician
  • Theretha Gilbert, NP Physician Medical Clinic
  • Long Beach Express Roofing - New Roof Installation, Repair & Replacement Service Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
2 E Pk Owner LLC · 7 yrs held
2 E Pk Owner LLC
since 2019
2 recorded transactions
2019
Price N/A
2019
$2.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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