571-575 Atlantic Ave 2,795 SF 80% Leased Retail Building Oceanside, NY 11572 $1,585,781 CAD ($567.36 CAD/SF) 7.32% Cap Rate

East Coast New York Inc. is proud to present a prime investment opportunity at 571-575 Atlantic Avenue, Oceanside, NY 11572. This ±2,795 SF single-story retail building sits on a combined ±0.11-acre site (3 tax lots) directly across from the East Rockaway LIRR station, commanding excellent visibility and over 38,000 vehicles in average daily traffic along Atlantic Avenue.
The property features 4 separate storefronts, including a long-term convenience store and restaurant/deli tenant, alongside two additional owner-occupied units. Two of the four units are secured by leases extending through 2030, with one tenant holding a pre-negotiated renewal option, while the remaining owner-occupied units offer a new owner immediate flexibility to lease at market rate or occupy directly.
The location benefits from a densely populated trade area, with over 25,700 residents and a median household income exceeding $122,000 within one mile, surrounded by national credit retailers including Lidl, PC Richard's, Wendy's, and Stop & Shop. Built in 1964 and situated in the heart of Oceanside's retail corridor, this asset represents a rare opportunity for investors seeking a well-located, multi-tenant retail property with built-in income stability and upside potential.