North Shore Medical Building for Sale
$17,000,000
310 E Shore Road, Great Neck, NY 11023
6.5
Cap Rate
52,517 sqft
Building Size
Details:
Description:
310 E Shore Road is 20-unit elevatored medical office building in the Village of Great Neck on the Manhasset Bay waterfront. It currently consists of multiple long-standing tenants whom have been in place since the 1990’s. It is situated on two adjacent tax lots with a total of approximately 1.55 acres on the Manhasset Bay.
The building is approximately 52,517 square feet on three stories, plus a lower level garage for up to 200 parking spaces. Currently the building is 92% occupied with a total 14 tenants. There is approximately 922 square feet of vacant office space.
This office building poses numerous attractive qualities to office and medical tenants as it is located in a very affluent area and fluid market for office space. The building is on the Manhasset Bay and features exemplary views of the North Shore skyscape. The Great Neck / Manhasset area continues to see high demand for office and medical space with limited availabilities.
Recent improvements include a new roof (2006), updated corridors and bathrooms (2007), updated parking lot (2010), bulkhead (2004), and new HVAC units (2014/2015).
310 E. Shore Road is located conveniently within proximity to the Long Island Expressway, Northern Parkway, the Manhasset and Great Neck LIRR train stations, and multiple bus lines. The building is easily accessible with direct access to E Shore Road via Northern Boulevard.
Documents:
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Offering Memorandum
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Location
Gallery
