Commercial Sale in Port Washington, Nassau, NY 11050 | Web ID: PH541659 | $3,600,000

The subject property is a privately owned and managed parking lot in the heart of downtown port washington, offering a rare opportunity to acquire a cash-flowing transit oriented development site. Comprised of 89 surface parking spaces, and 2 handicap spaces, the lot is currently being leased by local business owners, tenants and lirr commuters. Optimally located across from port washington's lirr station, 8 irma avenue poses an immediate multifamily development opportunity. The neighboring lot recently secured approvals for a multifamily / senior housing development which shares the same zoning as the subject property.