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457 Long Beach Boulevard Long Beach, NY 11561
$2,500,000
  • Commercial
  • NEW
  • Year Built 1951
  • Mixed Use
  • ML# 3581485

Property Details

Overview

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.

Key Facts

  • Lot Size: 0.2
  • Lot Sq Ft: 8850
  • Taxes: $34,000
  • Sale or Rent: Sale
  • Zoning: Commercial
  • Block: 108
  • Lot: 42

Additional Features

Financial

  • Taxes: $34,000
Listing Information provided courtesy of Douglas Elliman Real Estate  516-432-3400
OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS
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