5651-5661 Merrick Rd - Auto Repair FOR SALE


Massapequa, NY 11758- East Massapequa
$1,599,000 USD
631-365-7444
5651-5661 Merrick Rd, Massapequa, NY for Sale
$1,599,000 USD
Auto Repair - FOR SALE
1/12
null | 8.9% Cap Rate

5651-5661 Merrick Rd
Massapequa, NY 11758
East Massapequa


HIGHLIGHTS

  • multiple income sources- retail storefront, repair shop & residential units
  • easy access to commercial lot via dead end side street
  • recycled oil heating, 4 drive on lifts
  • includes NYS Inspection License

OVERVIEW

Discover a prime investment opportunity at 5651-5661 Merrick Rd. This income-producing property boasts four diverse units: an established auto repair shop, a commercial lot & outdoor storage space, a residential home consisting of 2 units, and professional office/retail space, all situated in a high-traffic area that ensures consistent visibility and accessibility. The residential component of this property features a one-bedroom apartment leased at $1,200 per month and a two-bedroom apartment renting for $1,300 per month. In addition to residential income, the professional office space is currently generating $900 per month. The auto repair space contributes an impressive projected rental income of $12,000 per month, providing a substantial cash flow and enhancing the property's overall profitability. Strategically located on high-traffic Merrick Rd, this property offers unique access to a dead-end side street from the rear, making it convenient for both clientele and delivery services. The auto repair shop stands out with its brand-new recycled oil heating system, ensuring energy efficiency and sustainability. It is equipped with two 10-foot overhead doors and four drive-on alignment lifts, catering to a high volume of repairs and inspections. This shop also holds a New York State inspection license, attracting even more customers. Combined, these factors make 5651-5661 Merrick Rd an exceptional investment for those seeking diverse income streams in a prime location. Don’t miss out on the opportunity to own this lucrative property with outstanding potential for growth and success!

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$386 USD /SF

CAP RATE

8.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Dealership, Service Station, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,659 SF

ZONING

commercial

APN/PARCEL ID

2489-53-020-00-0077-0,2489-53-020-00-0114-0,2489-53-020-00-0119-0,2489-53-020-00-0121-0

ASK ABOUT THIS PROPERTY

Rosemarie BozzaAbove Board Real Estate - "Rosie the Realtor"More Info
631-365-7444

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Rosemarie BozzaAbove Board Real Estate - "Rosie the Realtor"More Info
631-365-7444

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