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.
Mls | 3581485 |
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Listing Type | For Sale |
Style | Mixed Use |
Subtype | Resale |
Status | Active |
Year | 1951 |
Days On Site | 72 |
Listing Provided By | Douglas Elliman Real Estate | Jonathan Gottesmann |
Zoning | Commercial |
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Acreage | 0.20 |
State | NY |
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County | Nassau |
City | Long Beach |
Zip Code | 11561 |
Subarea | 6 |
Listing VS Median (in 11561) | |
Price: $2,500,000 low | high Med: $909,000 On Site: 72 low | high Med: 184.500000 |