440 W Merrick Rd - Storefront Retail/Office FOR SALE


Valley Stream, NY 11580
$1,188,000 USD
516-279-8828
440 W Merrick Rd, Valley Stream, NY for Sale
$1,188,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | 13.19% Cap Rate

440 W Merrick Rd
Valley Stream, NY 11580


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!!
  • 13.19 Cap 12,560 Sqft. 5 Unit Warehouse/ Retail/ Office Building For Sale Asking Only $94 Per Sqft.!!!
  • 440 W. Merrick Road & 163 Buscher Avenue Are Both Included In This Sale!!!
  • Renovated In 2020 The Building Features Excellent Signage, Great Exposure, High 16’ Ceilings, 2 Bays, 18+ Parking Spaces
  • 8 Brand New Private Offices, 7,500+ Sqft. Warehouse, Separate Meters, New LED Lighting, +++!!!
  • Net Operating Income (NOI): $156,750 (Proforma 13.19 Cap)

OVERVIEW

Calling All Investors, Developers & End-Users!!! 13.19 Cap 12,560 Sqft. 5 Unit Warehouse/ Retail/ Office Building For Sale Asking Only $94 Per Sqft.!!! 440 W. Merrick Road & 163 Buscher Avenue Are Both Included In This Sale!!! Renovated In 2020 The Building Features Excellent Signage, Great Exposure, High 16’ Ceilings, 2 Bays, 18+ Parking Spaces, 8 Brand New Private Offices, 7,500+ Sqft. Warehouse, Separate Meters, New LED Lighting, +++!!! The Entire Building Can Be Delivered Vacant If Need Be. Income: Retail Store/ Showroom: $56k Ann. Available (2,500 Sqft.) Front 2nd Floor Office: $22,600 Ann. Available (1,200 Sqft.) Rear Office: $39,600 Ann. Available (1,800 Sqft.) 440 W. Merrick Rd. Warehouse: $78,000 Ann. Available (5,000 Sqft.) 136 Buscher Ave. Warehouse: $28,600 Ann. Available (2,060 Sqft.) Gross Income: $224,800 Expenses: Gas: $0 Electric: $0 Insurance: $3,800 Taxes: $56,217 Village Taxes: $7,223 Water: $560 Total Expenses: $68,050 Net Operating Income (NOI): $156,750 (Proforma 13.19 Cap)

FOR SALE DETAILS

PRICE

$1,188,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

13.19%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

440 W. Merrick Road + 163 Buscher Avenue

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Residential, Warehouse, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

CROSS STREETS

S Terrace Pl

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

C-X

APN/PARCEL ID

2035-37-368-00-0004-0

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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