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310-312 Bay Walk

10,344 SF Vacant Retail Building Ocean Beach, NY 11770 $4,490,000 ($434/SF) 7.12% Cap Rate

Executive Summary

This rare chance to acquire 310-312 Bay Walk is now available, offering over
10,000 square feet of prime commercial space in the heart of Ocean
Beach. The property features two connected two-story buildings, linked by
an upper deck. Building One, located on Bay Walk across from the bustling Village Green
promenade, occupies one of the most frequented streets in Ocean Beach.
The first floor (˜4500sf) is zoned for two restaurants, retail, and an ice
cream shop. Building Two, situated on Cottage Walk, features a first floor (˜1500)
permitted for retail. The second floor of both buildings spans ˜4000 sf with 23 bedrooms, 6
bathrooms, and laundry.
50% is available for sale for $575,000 plus the assumption of the debt giving the 13% cap rate.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,344 SF
Building Class
C
Year Built
1906
Price
$4,490,000
Price Per SF
$434
Cap Rate
7.12%
NOI
$319,680
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.83
Lot Size
0.13 AC
Zoning
NULL - Null
Frontage
62 FT on Bay Walk

Amenities

  • Signage
  • Air Conditioning
  • Listing ID: 33166272

  • Date on Market: 9/13/2024

  • Last Updated:

  • Address: 310-312 Bay Walk, Ocean Beach, NY 11770

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