851 Merrick Rd - Storefront FOR SALE


Baldwin, NY 11510
$2,450,000 USD
516-393-2300
851 Merrick Rd, Baldwin, NY for Sale
$2,450,000 USD
Storefront - FOR SALE
1/14
null | 5.89% Cap Rate

851 Merrick Rd
Baldwin, NY 11510


HIGHLIGHTS

  • For Sale: 5 Unit Retail Strip in Baldwin, NY
  • Great Lease-Up Opportunity
  • On-Site Parking in the Back
  • 102 ft Frontage on Merrick Rd
  • High Traffic Counts: 23,728 VPD
  • Surrounded by Various Other Retail Stores

OVERVIEW

American Investment Properties is retained to sell 851-861 Merrick Rd in Baldwin, New York. At this location is a retail strip center with several units. This property boasts traffic counts of over 23,700 vehicles per day, over 100 feet of frontage on Merrick Rd, and onsite parking behind the building. Current NOI is $84,382 Pro Forma NOI is $144,382

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$268 USD /SF

CAP RATE

5.89%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

Commercial

APN/PARCEL ID

2089-54-102-00-0169-0

ASK ABOUT THIS PROPERTY

Ron KoenigsbergAmerican Investment Properties, Inc.More Info
516-393-2300

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Ron KoenigsbergAmerican Investment Properties, Inc.More Info
516-393-2300

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