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240 E Merrick Rd 2,025 SF Retail Building Freeport, NY 11520 $1,595,000 ($787.65/SF) 6.29% Cap Rate
Investment Highlights
- For Sale: Tire Shop on E Merrick Rd in Freeport, NY
- 6 On-Site Parking Spaces
- Corner Location of E Merrick Rd and Albany Ave
- 105 ft of Frontage on E Merrick Rd
- Located Next to the Meadowbrook State Pkwy
Executive Summary
At this location is a tire shop with some on-site parking spaces. This property has 105 ft of frontage on the heavily traveled E Merrick Rd and is located next to the Meadowbrook State Pkwy.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,025 SF
Building Class
C
Year Built
1930
Price
$1,595,000
Price Per SF
$787.65
Cap Rate
6.29%
NOI
$100,358
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.13 AC
Zoning
Commercial
Parking
6 Spaces (2.96 Spaces per 1,000 SF Leased)
Frontage
105’ on E Merrick Rd
Amenities
- Corner Lot
Nearby Major Retailers
Property Taxes
| Parcel Number | 2009-62-E-00-0810-0 | Improvements Assessment | $3,205 |
| Land Assessment | $1,540 | Total Assessment | $4,745 |
Property Taxes
Parcel Number
2009-62-E-00-0810-0
Land Assessment
$1,540
Improvements Assessment
$3,205
Total Assessment
$4,745
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240 E Merrick Rd
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