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3943 Merrick Rd 6,000 SF Retail Building Seaford, NY 11783 $2,988,000 ($498/SF) 6.97% Cap Rate
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 11,880 Sqft. Mixed-Use Building For Sale On Merrick Road!!!
- The Building Is Situated On A 10,230 Sqft. Lot Next To A Huge Municipal Parking Lot!!!
- This Property Offers HUGE Upside Potential!!!
- The Property Features Excellent Signage, Great Exposure, 186 Parking Spaces, High 10’ Ceilings, Restaurant, (1) 1 Br. Apt., (1) 2 Br. Apt., +++!!!
- The Property Is Located In The Heart Of Seaford With 50' Of Frontage On Busy Merrick Road Just Blocks From Route 135!!!
- This Successful Restaurant Business Can Also Be Bought For Only $525k!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 11,880 Sqft. Mixed-Use Building For Sale On Merrick Road!!! The Property Features Excellent Signage, Great Exposure, 186 Parking Spaces, High 10’ Ceilings, Restaurant, (1) 1 Br. Apartment, (1) 2 Br. Apartment, Business Districts (X) Zoning, Office, Security Camera System, Accessible Bathrooms, Ramp, Basement, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Seaford With 50' Of Frontage On Busy Merrick Road Just Blocks From Route 135!!! The Building Is Situated On A 10,230 Sqft. Lot Next To A Huge Municipal Parking Lot!!! Neighbors Include Ford, Jeep-Dodge-Ram, Toyota, Infiniti, Acura, Subaru, USPS, UPS, Capital One Bank, TD Bank, Chase Bank, Stop & Shop, OrangeTheory Fitness, Dunkin’, 7-Eleven, Uncle Giuseppe’s Marketplace, Cold Stone Creamery, Jiffy Lube, CVS, +++ !!! This Property Has A Daily Traffic Count Of 33,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! This Successful Restaurant Business Can Also Be Bought For Only $525k!!!
Income:
Apt. 1 (New 1 Br.): $28,800 Ann.
Apt. 2 (Office): $30,000 Ann.
Apt. 3 (2 Br.): $42,000 Ann. (Available)
Restaurant + Full LL: $156,000 Ann.
Pro Forma Gross Income: $256,800 Ann.
Expenses:
Gas: $4,620 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $3,869 Ann.
Taxes: $39,885 Ann.
Water: $0 Ann.
Total Expenses: $48,624 Ann.
Net Operating Income (NOI): $208,176 Ann. (Pro Forma 6.97% Cap!!!)
Income:
Apt. 1 (New 1 Br.): $28,800 Ann.
Apt. 2 (Office): $30,000 Ann.
Apt. 3 (2 Br.): $42,000 Ann. (Available)
Restaurant + Full LL: $156,000 Ann.
Pro Forma Gross Income: $256,800 Ann.
Expenses:
Gas: $4,620 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $3,869 Ann.
Taxes: $39,885 Ann.
Water: $0 Ann.
Total Expenses: $48,624 Ann.
Net Operating Income (NOI): $208,176 Ann. (Pro Forma 6.97% Cap!!!)
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$256,800
|
$42.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$256,800
|
$42.80
|
| Taxes |
$39,885
|
$6.65
|
| Operating Expenses |
$8,739
|
$1.46
|
| Total Expenses |
$48,624
|
$8.10
|
| Net Operating Income |
$208,176
|
$34.70
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $256,800 |
| Annual Per SF | $42.80 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $256,800 |
| Annual Per SF | $42.80 |
| Taxes | |
|---|---|
| Annual | $39,885 |
| Annual Per SF | $6.65 |
| Operating Expenses | |
|---|---|
| Annual | $8,739 |
| Annual Per SF | $1.46 |
| Total Expenses | |
|---|---|
| Annual | $48,624 |
| Annual Per SF | $8.10 |
| Net Operating Income | |
|---|---|
| Annual | $208,176 |
| Annual Per SF | $34.70 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built
1928
Price
$2,988,000
Price Per SF
$498
Cap Rate
6.97%
NOI
$208,176
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.60
Lot Size
0.23 AC
Zoning
Business Districts (X)
Parking
186 Spaces (31 Spaces per 1,000 SF Leased)
Frontage
50’ on Merrick Rd
Amenities
- 24 Hour Access
- Controlled Access
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (83)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2089-57-164-00-0151-0 | Total Assessment | $5,968 (2025) |
| Land Assessment | $2,289 (2025) | Annual Taxes | $39,885 ($6.65/SF) |
| Improvements Assessment | $3,679 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2089-57-164-00-0151-0
Land Assessment
$2,289 (2025)
Improvements Assessment
$3,679 (2025)
Total Assessment
$5,968 (2025)
Annual Taxes
$39,885 ($6.65/SF)
Tax Year
2026
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3943 Merrick Rd
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