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174 Merrick Rd
Merrick, NY 11566
Retail Property For Sale
Investment Highlights
- busy street
Executive Summary
Asking 705,000
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
$705,000
Price Per SF
$597.46
Percent Leased
100%
Building Height
1 Story
Building FAR
0.54
Lot Size
0.05 AC
Frontage
23’ on Merrick Road
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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