1832 5Th AveBay Shore, NY 11706

For Lease
$5.25/SF/YR

1.09 Acres, Two Parcels Available

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional commercial land offering presents a unique investment opportunity encompassing two parcels totaling 1.092 acres (47,567 square feet). The property is comprised of two separately rentable parcels, ideal for individual or joint development. The first parcel, located at 1836 5th Avenue and 12 Pine Aire Drive, spans 0.699 acres (28,314 square feet) and includes an existing 2,436 square foot building. This parcel is available for ground lease at an annual rent of $150,000, NNN. The second parcel, situated at 1832 5th Avenue, encompasses 0.393 acres (17,119 square feet) and is also available for ground lease at an annual rent of $100,000, NNN. Both parcels can be leased jointly for a combined annual rent of $250,000, NNN. This presents a flexible investment opportunity catering to various development scenarios, allowing for either individual or combined utilization of these strategically located parcels. The existing building on one parcel offers immediate potential for adaptive reuse or expansion, while the vacant land provides ample space for new construction. This property is ideally suited for a wide range of commercial ventures. Contact us today to explore this compelling investment opportunity.

Highlights

  • 1.092-acre commercial land parcel available for ground lease.
  • Two parcels available for lease individually or together: 0.699 acres (28,314 SF land, 2,436 SF building) and 0.393 acres (17,119 SF land).
  • Individual parcel rents: $150,000/year NNN (0.699 acre parcel) and $100,000/year NNN (0.393 acre parcel).
  • Combined rent for both parcels: $250,000/year NNN.
  • Total land area: 47,567 square feet.

Unit(s) available at that property

Space
Size
47,567 SF
Rate per SF
$5.25

Location Insight

City
Bay Shore
County
Suffolk
State
New York
Latitude
40.7754307
Longitude
-73.2602033
1832 5Th Ave, Bay Shore, New York

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1832 5Th Ave
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