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174 Merrick Rd 1,180 SF 100% Leased Retail Building Merrick, NY 11566 $750,000 ($635.59/SF)
Investment Highlights
- busy street
Executive Summary
Asking 750,000
The property consists of 1 credit retail tenant (Allstate Insurance) in the front paying $2678 per month with 3 year lease with increases and a renewal option remaining (newly renovated).
+ a vacant flex space in the back newly renovated that can be used/rented out as an apartment/office and a large newly renovated patio.
There is a also a shed and a shared driveway that comes with the property.
Approximately 1700 +/- sq ft which includes the front retail space the back flex office/apartment space and the backyard patio not including shared driveway in measurements.
The property consists of 1 credit retail tenant (Allstate Insurance) in the front paying $2678 per month with 3 year lease with increases and a renewal option remaining (newly renovated).
+ a vacant flex space in the back newly renovated that can be used/rented out as an apartment/office and a large newly renovated patio.
There is a also a shed and a shared driveway that comes with the property.
Approximately 1700 +/- sq ft which includes the front retail space the back flex office/apartment space and the backyard patio not including shared driveway in measurements.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
1,180 SF
Building Class
C
Year Built
1952
Price
$750,000
Price Per SF
$635.59
Percent Leased
100%
Building Height
1 Story
Building FAR
0.54
Lot Size
0.05 AC
Frontage
23’ on Merrick Road
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2089-55-167-00-0195-0 | Improvements Assessment | $893 |
| Land Assessment | $731 | Total Assessment | $1,624 |
Property Taxes
Parcel Number
2089-55-167-00-0195-0
Land Assessment
$731
Improvements Assessment
$893
Total Assessment
$1,624
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