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4257 Austin Blvd 2,235 SF Retail Building Island Park, NY 11558 $1,122,256 CAD ($502.13 CAD/SF) 10.18% Cap Rate
Investment Highlights
- Calling All Investors, Developers, End-Users & Restaurateurs!!! Free Standing Restaurant/Bar On A 8,000+ Sqft. Lot In Island Park!!!
- The Property Is Located In The Heart Of Island Park On Busy Austin Blvd. & Has Been Home To A Successful Business For 50+ Years!!!
- This Property Can Also Be Leased Annually For Only $84k NNN!!!
- The Property Features Excellent Signage, Great Exposure, High 9’ Ceilings, 20 Parking Spaces In A Private Lot, Restaurant (484.14) Zoning, +++!!!
- Neighbors Include Costco, Stop & Shop, Public Storage, Costello’s Ace Hardware, King Kullen, Dunkin’, Wendy’s, McDonald’s, Trader Joe’s, +++!!!
- This Successful Business Can Also Be Bought For Only $200k!!!
Executive Summary
Calling All Investors, Developers, End-Users & Restaurateurs!!! Free Standing Restaurant/Bar On A 8,000+ Sqft. Lot In Island Park!!! The Property Features Excellent Signage, Great Exposure, High 9’ Ceilings, 20 Parking Spaces In A Private Parking Lot, Restaurant (484.14) Zoning, Sprinklers, 6 Seats At The Bar, 40 Indoor Seats, 40 Outdoor Seats, 200 Amp Power, Security Camera System, Strategically Placed Curb Cut, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Island Park On Busy Austin Blvd. & Has Been Home To A Successful Business For 50+ Years!!! The Property Has 81’ Of Frontage On Busy Austin Blvd.!!! This Section Of Austin Blvd. Has A Daily Traffic Count Of 40,200+ Vehicles Per Day!!! Neighbors Include Costco, Stop & Shop, Public Storage, Costello’s Ace Hardware, King Kullen, Dunkin’, Wendy’s, McDonald’s, Trader Joe’s, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! This Property Can Also Be Leased Annually For Only $84k NNN!!! This Successful Business Can Also Be Bought For Only $200k!!!
Income:
Restaurant: $84,000 Ann. NNN (Available)
Pro Forma Gross Income: $84,000 Ann.
Expenses:
Taxes: $23,535.15 Ann.
Income:
Restaurant: $84,000 Ann. NNN (Available)
Pro Forma Gross Income: $84,000 Ann.
Expenses:
Taxes: $23,535.15 Ann.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$114,266
|
$51.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$114,266
|
$51.13
|
| Taxes |
$32,015
|
$14.32
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$32,015
|
$14.32
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $114,266 |
| Annual Per SF | $51.13 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $114,266 |
| Annual Per SF | $51.13 |
| Taxes (CAD) | |
|---|---|
| Annual | $32,015 |
| Annual Per SF | $14.32 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $32,015 |
| Annual Per SF | $14.32 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,235 SF
Year Built
1976
Price
$1,122,256 CAD
Price Per SF
$502.13 CAD
Cap Rate
10.18%
NOI
$114,266 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.18 AC
Zoning
484.14 - Restaurant
Parking
20 Spaces (8.95 Spaces per 1,000 SF Leased)
Frontage
81’ on Austin Blvd
Amenities
- 24 Hour Access
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2089-43-060-00-0024-0 | Total Assessment | $5,793 CAD (2025) |
| Land Assessment | $2,957 CAD (2025) | Annual Taxes | $32,015 CAD ($14.32 CAD/SF) |
| Improvements Assessment | $2,836 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2089-43-060-00-0024-0
Land Assessment
$2,957 CAD (2025)
Improvements Assessment
$2,836 CAD (2025)
Total Assessment
$5,793 CAD (2025)
Annual Taxes
$32,015 CAD ($14.32 CAD/SF)
Tax Year
2026
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4257 Austin Blvd
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