Property profile

4535 Austin Blvd Island Park, NY 11558

OFF-MARKET
Commercial land
Property ID
US63-1469448
4,800 SF 0.41 ac lot Built 1956
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 4,200 square foot retail property, situated on a corner lot at a traffic light on heavily traveled Austin Boulevard in Island Park, NY, presents a unique investment opportunity. The property boasts exclusive parking for 21 cars, ensuring ample space for customers and employees. Its prime location offers significant visibility and accessibility, benefiting from high traffic volume. The property's classification includes retail, land, and restaurant uses, offering flexibility for a variety of businesses. The single-tenant occupancy provides a straightforward investment structure. Its strategic placement adjacent to a Starbucks further enhances its appeal and potential for success. The property's proximity to Long Beach (less than one mile away) provides access to a larger consumer base. This corner lot presents a rare opportunity to acquire a well-positioned commercial property in a thriving Long Island community. The combination of high visibility, ample parking, and convenient location makes this an attractive proposition for discerning investors seeking a strong return on investment. The property's versatility allows for a range of business applications, making it an ideal choice for entrepreneurs and established businesses alike. The existing infrastructure and high-traffic location minimize the need for extensive renovations or upgrades, allowing for a quick and efficient start to operations.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1956
Total area 4,800 SF
Lot 0.41 ac (17,820 SF)
APN 43-105-00-0033
UPID US63-1469448

Cap rate & NOI

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

Location

4535 Austin Blvd Island Park, NY 11558-2238
Island Park metro Census 416201 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$775k
CAP Approach CAP
$1.02M
Comparable Approach Comparable
by Request
Blend (final) Blend
$775k

Owner & transaction history

since 2024
Last sale
$775,000
1 recorded transaction
2024
$775,000

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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