$2,500,000
457 Long Beach BLVD Long Beach, NY 11561
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$2,500,000
Est. payment /mo
8,712 Sqft Lot
UPDATED:
09/27/2024 09:01 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3581485
Originating Board onekey
Rental Info No
Year Built 1951
Annual Tax Amount $34,000
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 75x121
Property Description
This is an excellent investment opportunity featuring two prime lots in Long Beach. The first property, located at 457 Long Beach Blvd, is a commercial lot spanning 8,850 square feet with 4,550 square feet of interior space. It currently houses a successful automotive business that is operating under a lease, generating steady rental income. The second property, at 163 E. Chester, is a 6,000-square-foot commercial and possible residential lot that is currently vacant, offering a great opportunity for development. Both properties present significant upside potential. The commercial lot already produces income with its established business, offering a low-risk investment, while the empty lot provides immense flexibility for new development. These properties are situated in a growing area with great exposure and accessibility, making them attractive for long-term appreciation and future income generation. Investors can take advantage of the existing revenue stream while also planning for new developments to further maximize the potential of these properties.
Location
State NY
County Nassau
Zoning Commercial
Interior
Fireplace No
Others
Special Listing Condition None
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Listed by Douglas Elliman Real Estate • 516-432-3400