209-227 Merrick Rd - Retail FOR SALE


Oceanside, NY 11572
$2,650,000 USD
631-425-1232
209-227 Merrick Rd, Oceanside, NY for Sale
$2,650,000 USD
Retail - FOR SALE
1/4
null | Request Cap Rate

209-227 Merrick Rd
Oceanside, NY 11572


HIGHLIGHTS

  • 100% Occupied – Fully leased retail strip center with 9 retail units / 6 current tenants.
  • Below-Market Rents – Significant rental upside with current rents well below comparable market rates.
  • Owner/User Opportunity– Two contiguous units will become available in 2026, offering a chance for an owner-user

OVERVIEW

Cushman & Wakefield is pleased to exclusively present 209-227 Merrick Road, a fully leased multi-tenant retail strip center in Oceanside, NY. Spanning 8,500 SF, the building is situated on a 19,863 SF lot. The asset features a diverse tenant base, ensuring stable in-place cash flow with significant upside potential. Located on Merrick Road, one of Nassau County’s primary commercial corridors, the property enjoys high visibility and strong traffic counts, making it an attractive investment in a supply-constrained retail market. Current rents are well below market, providing investors with a compelling opportunity for immediate revenue growth through lease renewals and tenant repositioning. With a history of high occupancy and under-market lease rates, this retail asset presents a turnkey investment with value-add potential in a high-demand location.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$312 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,863 SF

ZONING

Business (X) Zone

APN/PARCEL ID

2089-54-116-00-0055-0

ASK ABOUT THIS PROPERTY

Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1232

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Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.