High-Traffic Mixed-Use Building with Expansion Potential

Highlights:

• Mixed-use with office, warehouse, and residential income
• 24 on-site parking spaces with dual access points
• Adjacent corner lot (4451 Austin Blvd) also available

Description:

Great opportunity to purchase a mixed-use property in a high-visibility location on Austin Boulevard in Island Park. The building at 4435 Austin Blvd includes approximately 5,082 square feet of office space on the ground floor, plus a 1,034 square foot warehouse with easy access. Upstairs are two one-bedroom, one-bathroom apartments generating $46,800 per year in rental income, with one unit on a month-to-month lease offering $15,600 per year in potential upside. The property includes 24 parking spaces with curb cuts on both Austin Boulevard and Broadway, making access simple from either side. Austin Boulevard sees an average of 40,249 vehicles per day, offering excellent exposure for any business use. Property taxes are $38,695 annually.

4435 Austin Blvd is ideal for an end user looking for a large office space with on-site warehouse capacity to operate their business. This is also a good long term investment opportunity for an investor who rents out the Office. If property is fully leased at market rents it can yield a Net Income of $176,681 which would be a 7.7% Cap for this deal. Contact us to discuss details.

We are also representing the neighboring end-cap property at 4451 Austin Blvd, located at the corner of Austin Boulevard and Broadway. This parcel totals approximately 0.114 acres and is currently improved with a vacant 819 square foot Farm Store (formerly a drive-up convenience store). It is available for sale or lease and offers a unique opportunity to combine both parcels for expanded use or future development.

Discover the vibrant charm of Island Park, NY, a coveted destination for prospective office investors. Nestled against the beautiful backdrop of Long Island's South Shore, the area offers a perfect blend of coastal living and commercial opportunity. With convenient access to major roadways, the property boasts close proximity to renowned dining establishments, picturesque parks, and inviting waterfront promenades. Just a short drive away, investors can find the iconic Jones Beach State Park, perfect for relaxation and recharging after a productive day. Whether it's exploring the local community or enjoying the stunning coastal views, the location provides an ideal balance for office investment and quality of life.

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