4245 Austin Blvd Island Park Ny — Sale in Island Park, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Island Park, NY 11558

Investment Figures

Cap rate
5.21%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is proud to present for sale 4245 Austin Boulevard (“Subject Property”), a high-quality restaurant asset located in the heart of Island Park, NY. The Subject Property sits on a 0.47-acre parcel and contains approximately ±7,000 square feet of recently renovated restaurant space. The building presents exceptionally well and benefits from 25 dedicated parking spaces, a meaningful advantage along this dense commercial corridor. The property is currently leased to Chico’s, with 4+ years remaining on their lease term. With over 200 feet of frontage along Austin Boulevard—one of the area’s primary commercial arteries carrying 35,000 vehicles per day—the asset enjoys strong visibility and consistent traffic. The location is supported by a robust mix of national and regional retailers including Costco, King Kullen, Starbucks, 7-Eleven, and numerous local service and dining establishments. The property is also just minutes from the Island Park LIRR Station, providing direct rail access to Manhattan and enhancing both customer convenience and long-term demand for restaurant uses in the area. Area demographics further underscore the strength of the trade area: over 90,000 residents live within a three-mile radius, with an average household income exceeding $163,000. This combination of density and affluence supports durable restaurant performance and long-term tenant stability. Investment Highlights: • The Subject Property sits on a 0.47-acre parcel and contains approximately ±7,000 square feet of recently renovated restaurant space. • The building presents exceptionally well and benefits from 25 dedicated parking spaces. • The property is currently leased to Chico's, with 4+ years remaining on their lease term. • With over 200 feet of frontage along Austin Boulevard—one of the area's primary commercial arteries carrying 35,000 vehicles per day—the asset has strong visibility and consistent traffic.

Market Context

This retail in Island Park, NY is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 86 days. Compare it against other retail listings for sale in Island Park, NY — view the full market.

Contact

  • Michael Tuccillo
  • Anthony Cerrone

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