Long Beach NY, 11561
$2,500,000
Misc
Commercial
Details
ML#: 3581485
- Business Type: Commercial
- Sale or Rent:Sale
- Year Built: 1951
- Taxes: $34,000
- Status:Active
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.
More Property Details
Lot Sq Ft: 8850
Taxes: $34,000
Zoning: Commercial
Block: 108
Lot: 42
Listing Information provided courtesy of
Douglas Elliman Real Estate
516-432-3400