Retail & Office Building in Amityville, NY

148 Merrick Road, Amityville, NY

$2,400,000

Price

4.6%

Cap Rate

$110,361

NOI

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Street
Map
Overview
Cap Rate
4.6%
NOI
$110,361
Pro Forma Cap Rate
5.85%
Building Size
11,320 sqft
Lot Area
5,660 sqft
Class
A
Lease Type
Modified Gross
Year Built
2012
Price Per Sqft
$212
Zoning
Commercial
Tenancy
Multiple
Gross Leaseable Area
11320
Investment Strategy
Opportunistic
Description

At this location is a retail & office building that currently has one vacancy. There are two municipal parking lots located within walking distance and this property is surrounded by various other retail and amenities.

Highlights
  • For Sale: Retail & Office Building in Amityville, NY
  • One Vacancy - Provides for a Great Lease-Up Opportunity
  • 2 Municipal Parking Lots Located in Walking Distance
  • High Traffic Counts on Merrick Rd: 25,762 Cars Per Day
  • Near Various Bus Stops such as the NYS 110/Merrick Rd Bus Stop and the Montauk Hwy/Riverside Ave Bus Stop
  • Surrounded by Various Retail & Amenities
  • Zoning Allows for Possible Conversion of Second Floor Office Space into 2 Residential Units (Subject to Zoning Board Review)
Documents
Title
Amityville__148_Merrick_Rd__Offering_Memorandum_.pdf
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Location
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