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3206-3218 Long Beach Rd 6,060 SF 87% Leased Retail Building Oceanside, NY 11572 $8,724,500 CAD ($1,439.69 CAD/SF) 5.31% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 92% occupied as of 6/10/19

EXECUTIVE SUMMARY

Small shopping center of 10 units, 9,600 sq ft of retail space, and 31 parking spaces. 92% occupied as of 6/10/19.

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $704,426 $116.24
Other Income - -
Vacancy Loss - -
Effective Gross Income $704,426 $116.24
Taxes - -
Operating Expenses - -
Total Expenses $241,223 $39.81
Net Operating Income $463,203 $76.44

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income (CAD)
Annual $704,426
Annual Per SF $116.24
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $704,426
Annual Per SF $116.24
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $241,223
Annual Per SF $39.81
Net Operating Income (CAD)
Annual $463,203
Annual Per SF $76.44

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
6,060 SF
Building Class
C
Year Built
1976
Price
$8,724,500 CAD
Price Per SF
$1,439.69 CAD
Cap Rate
5.31%
NOI
$463,203 CAD
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.32 AC
Zoning
C - Commercial
Parking
19 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
100’ on Long Beach Road

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • 458 Myrtle Ave Co
  • -
  • 500 SF
  • -
  • -
  • Cricket
  • -
  • 940 SF
  • -
  • -
  • Jasmine Beauty Nail Salon Inc
  • -
  • 500 SF
  • -
  • -
  • Marcy S Hair Salon
  • -
  • 500 SF
  • -
  • -
  • Sws Services Inc
  • -
  • 500 SF
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
458 Myrtle Ave Co - 500 SF - -
Cricket - 940 SF - -
Jasmine Beauty Nail Salon Inc - 500 SF - -
Marcy S Hair Salon - 500 SF - -
Sws Services Inc - 500 SF - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 3208
  • 800 SF
  • Retail
  • In-Line
  • Now

Inline, retail; former women's clothing store.

Space Size Space Use Position Available
3208 800 SF Retail In-Line Now

3208

Size
800 SF
Space Use
Retail
Position
In-Line
Available
Now

3208

Size 800 SF
Space Use Retail
Position In-Line
Available Now

Inline, retail; former women's clothing store.

Walk Score®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Club Pilates
Dime Community Bank
IHOP
Five Guys
Trader Joe's
Stop & Shop
Amazon Fresh
Starbucks
Orangetheory Fitness
Pure Barre

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2089-43-336-00-0035-0
Land Assessment
$5,274 CAD
Improvements Assessment
$7,628 CAD
Total Assessment
$12,901 CAD
  • Listing ID: 16302163

  • Date on Market: 2019-06-10

  • Last Updated:

  • Address: 3206-3218 Long Beach Rd, Oceanside, NY 11572

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