3943 Merrick Rd - Storefront Retail/Office FOR SALE


Seaford, NY 11783
$2,988,000 USD
516-279-8828
3943 Merrick Rd, Seaford, NY for Sale
$2,988,000 USD
Storefront Retail/Office - FOR SALE
1/39
null | 6.97% Cap Rate

3943 Merrick Rd
Seaford, NY 11783


HIGHLIGHTS

  • 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. Apt., (1) 2 Br. Apt., +++!!!
  • The Building Is Situated On A 10,230 Sqft. Lot Next To A Huge Municipal Parking Lot!!!
  • The Property Is Located In The Heart Of Seaford With 50' Of Frontage On Busy Merrick Road Just Blocks From Route 135!!!
  • This Property Offers HUGE Upside Potential!!!
  • This Successful Restaurant Business Can Also Be Bought For Only $525k!!!

OVERVIEW

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!!!)

FOR SALE DETAILS

PRICE

$2,988,000 USD

PRICE/SF

$498 USD /SF

CAP RATE

6.97%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

186

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Business Districts (X)

APN/PARCEL ID

2089-57-164-00-0151-0

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

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