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Investment Highlights
- Situated on a 1.37-acre parcel, the Subject Property comprises approximately 18,000 square feet of rentable space, supplemented by 6,100 basement.
- The property provides four points of ingress and egress and maintains a strong parking ratio of 3.89 spaces per 1,000 square feet
- The asset consists of three buildings—a bank branch, a multi-tenant strip center, and a standalone retail building.
Executive Summary
Marcus & Millichap is pleased to present Port Washington Town Plaza (“the Subject Property”), a highly visible and fully occupied retail strip center located at 437–505 Port Washington Boulevard in Port Washington, NY.
Situated on a 1.37-acre parcel, the Subject Property comprises approximately 18,000 square feet of rentable space, supplemented by an additional 6,100 square feet of basement area. The asset consists of three buildings—a bank branch, a multi-tenant strip center, and a standalone retail building—offering a diverse and stable tenant mix. The property provides four points of ingress and egress and maintains a strong parking ratio of 3.89 spaces per 1,000 square feet.
Port Washington Town Plaza benefits from exceptional visibility along Port Washington Boulevard, which carries over 32,000 vehicles per day, driving consistent traffic to the site. The property is surrounded by established retailers, including North Shore Farms, Extra Space Storage, USPS, Orangetheory Fitness, and numerous other national and local operators. It is also proximate to key community anchors such as the Port Washington LIRR station and multiple area schools, further enhancing daily activity and long-term demand.
The surrounding demographics underscore the strength of the location: more than 203,000 residents live within a five-mile radius, with average household incomes exceeding $182,000. Additional information is available upon request.
Situated on a 1.37-acre parcel, the Subject Property comprises approximately 18,000 square feet of rentable space, supplemented by an additional 6,100 square feet of basement area. The asset consists of three buildings—a bank branch, a multi-tenant strip center, and a standalone retail building—offering a diverse and stable tenant mix. The property provides four points of ingress and egress and maintains a strong parking ratio of 3.89 spaces per 1,000 square feet.
Port Washington Town Plaza benefits from exceptional visibility along Port Washington Boulevard, which carries over 32,000 vehicles per day, driving consistent traffic to the site. The property is surrounded by established retailers, including North Shore Farms, Extra Space Storage, USPS, Orangetheory Fitness, and numerous other national and local operators. It is also proximate to key community anchors such as the Port Washington LIRR station and multiple area schools, further enhancing daily activity and long-term demand.
The surrounding demographics underscore the strength of the location: more than 203,000 residents live within a five-mile radius, with average household incomes exceeding $182,000. Additional information is available upon request.
Property Facts
| Price | $22,600,214 CAD | Number of Properties | 2 |
| Price / SF | $1,038 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 21,772 SF |
| Status | Active | Total Land Area | 2.86 AC |
| Price | $22,600,214 CAD |
| Price / SF | $1,038 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 21,772 SF |
| Total Land Area | 2.86 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 437 Port Washington Blvd, Port Washington, NY 11050 | Office | 3,772 SF | 1959 | - |
|
Port Washington Town Plaza
475 Port Washington Blvd, Port Washington, NY 11050 |
Retail | 18,000 SF | 1959 | - |
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