Property summary
This unique investment opportunity presents a freestanding, two-unit building totaling 8,296 square feet, situated on a 0.87-acre lot in Deer Park, NY. The property, located at 756-760 Grand Boulevard, enjoys a prime location in a busy retail corridor adjacent to Tanger Outlets, benefiting from high daily traffic volume exceeding 23,000 vehicles. The building comprises a 2,589 square foot turnkey restaurant space, currently vacant and ideal for various food service concepts, and a 5,607 square foot office/warehouse space. The office/warehouse features 14-foot ceilings, one 9-foot drive-in dock high door, and ample parking for 60 vehicles. The current owner is open to a leaseback arrangement for the office/warehouse portion, offering flexibility for potential investors. The property is zoned for Light Industrial District G and was built in 1967. This versatile property presents significant potential for both investors and end-users seeking a multi-functional space in a high-traffic location with excellent visibility and accessibility. The established restaurant space offers immediate income potential, while the office/warehouse provides adaptable space for various business needs. This combination of features makes this a rare and attractive opportunity in a thriving retail area.
Property profile
VerifiedCap rate & NOI
Current use
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Tech Support Center (Bike/Boat/Book/etc) Store
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
G · Deer Park, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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