118-120 Shore Rd - Storefront Retail/Residential FOR SALE


Port Washington, NY 11050- Manorhaven
$3,500,000 USD
516-933-8880
118-120 Shore Rd, Port Washington, NY for Sale
$3,500,000 USD
Storefront Retail/Residential - FOR SALE
1/2
null | 6.32% Cap Rate

NEW


118-120 Shore Rd
Port Washington, NY 11050
Manorhaven


HIGHLIGHTS

  • Two-story mixed-use building with 10 parking spots.
  • Newly renovated retail and apartments.
  • Located across from Soundview Marketplace.
  • 6,000 SF retail with three 2-bedroom apartments.

OVERVIEW

118-120 SHORE ROAD — in Port Washington, NY (the ‘Property’). The subject property is located on the west side of Shore Road between Manhasset Ave. and Manorhaven Blvd., offering investors a rare opportunity to own a newly renovated freestanding building in a prime Port Washington location. The building includes 6,000 square feet of retail on the ground floor plus three newly renovated 2-bedroom apartments on the second floor, providing multiple streams of rental income. The property features 10 dedicated parking spaces and is situated directly across from the Soundview Marketplace shopping center, home to a variety of national tenants including Starbucks, TJ Maxx, Target, HomeGoods, ACE Hardware, HSBC Bank and more. The building is ideal for an owner-user or investor seeking a location in a high-demand market with high visibility and strong demographics. The NET OPERATING INCOME (PROJECTED) is $221,122.36.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$350 USD /SF

CAP RATE

6.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C-3

APN/PARCEL ID

2221-04-H-00-0011-0,2289-04-H-00-0063-0

ASK ABOUT THIS PROPERTY

Jonathan WinzelbergRIPCO Real EstateMore Info
516-933-8880

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Jonathan WinzelbergRIPCO Real EstateMore Info
516-933-8880

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.