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526-532 Merrick Rd 10,000 SF 100% Leased Retail Building Rockville Centre, NY 11570 $3,700,000 ($370/SF) 6.71% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Walking distance to Mount Sinai South Nassau
  • Property borders Oceanside which allows for onstreet parking
  • Prime signalized corner in Rockville Centre

EXECUTIVE SUMMARY

Prime location on the corner of S Long Beach Rd. and Merrick Rd in Rockville Centre. This 100% rented property consists of 8 apartments and 5 stores.
Many rents are below market, providing a new owner with a strong upside.

PROPERTY FACTS Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,000 SF
Building Class
B
Year Built
1949
Price
$3,700,000
Price Per SF
$370
Cap Rate
6.71%
NOI
$248,267
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.94
Lot Size
0.24 AC
Frontage
70’ on Long Beach Rd

AMENITIES

  • Signage
  • Signalized Intersection
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Finance and Insurance
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Allstate protects people from life’s uncertainties with a wide array of protection for autos, homes and personal property. Allstate is primarily engaged in the property and casualty insurance business in the United States and Canada. Additionally, Allstate provides customers other protection solutions such as accident and health insurance, protection plans that cover consumer electronics, mobile phones and appliances and personal identity protection. The Allstate Corporation is one of the largest publicly held personal lines insurers in the United States. Allstate’s personal property-liability strategy is to increase market share by offering consumers a broad suite of protection solutions and a competitive value proposition across distribution channels.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Finance and Insurance - $9.99 Lorem Ipsum Jan 0000
Walk Score®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

The Little Gym
Orangetheory Fitness
Tiger Schulmann's Martial Arts
Starbucks
TD Bank
Webster Bank
Dime Community Bank
Citi
Flagstar
Associated Food

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2029-38-339-00-0030-0
Land Assessment
$3,228
Improvements Assessment
$8,981
Total Assessment
$12,209
  • Listing ID: 36375991

  • Date on Market: 6/24/2025

  • Last Updated:

  • Address: 526-532 Merrick Rd, Rockville Centre, NY 11570

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