24-26 W Merrick Rd - Storefront FOR SALE


Freeport, NY 11520
$1,200,000 USD
631-220-2860
24-26 W Merrick Rd, Freeport, NY for Sale
$1,200,000 USD
Storefront - FOR SALE
1/44
null | 5.21% Cap Rate

24-26 W Merrick Rd
Freeport, NY 11520


HIGHLIGHTS

  • heavy foot traffic
  • Parking
  • Established Tennats
  • Location

OVERVIEW

Located in the heart of Freeport, NY, 11520, this area is a bustling hub of commercial activity on Long Island. This prime location provides easy access to major transportation arteries including the Southern State Parkway, making it an ideal choice for businesses seeking a strategic foothold in the thriving Long Island market. Both Lease are under market currently and expire Dec 2025. Potential for a higher rent $30 per sq.ft ($5000 per month per store $120,000 potential annual rental income) potential cap rate 8.17%. With a vibrant mix of residential and retail spaces, the location offers a prime investment opportunity for prospective office building investors. The property is just minutes away from Freeport's scenic Nautical Mile, a popular waterfront area lined with seafood restaurants and entertainment venues. Additionally, renowned neighboring communities such as Merrick and Baldwin offer a range of dining, shopping, and recreational amenities.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

5.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1937

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

-

APN/PARCEL ID

2009-55-481-00-0059-0

ASK ABOUT THIS PROPERTY

Devang PatelDouglas Elliman CommercialMore Info
631-220-2860

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Devang PatelDouglas Elliman CommercialMore Info
631-220-2860

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