Mixed-Use Property with
For Sale
$2,988,000
3943 Merrick Road, Seaford, NY 11783
The property combines restaurant, office, and residential space with prominent Merrick Road frontage.
Property Size9,036 SF
Lot Size0.24 Acres
Price / SF$330.68
Days on Market233
Property Features for 3943 Merrick Road
General Information
Standard status
Active
Size
9,036 SF
Total Parking Spaces
186
Lot size
0.24 Acres
Property subtype
Commercial
Zoning
X
Net Operating Income
$208,176
Site & Location
Frontage
50 ft
Traffic Count
33,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Additional Details
Cap Rate
6.97%
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$39,884
Amenities
Signage
High Ceilings
Security Camera System
Accessible Bathrooms
Ramp
Basement
3 Phase Power
LED Lighting
CAC
Building Details
Building Size
9,036 SF
Year Built
1928
Buildings
1
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #1020151
(516) 279-8828
Source:
Croninreale
Added: Mar 5
Changed: Oct 23
Last Checked: Oct 23 at 5:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of All Island Estates Realty Corp
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Investment Insights
Based on property information with market context.
This mixed-use property at 3943 Merrick Road includes a restaurant, office space, and residential apartments. Building features include 10-foot ceilings, a basement, accessible bathrooms, a ramp, security cameras, three-phase power, central air conditioning, and new LED lighting. The building dates to 1928 and sits on a 10,230-square-foot lot; the reported building area varies in the available property information and is not stated here.
The property has 50 feet of frontage on Merrick Road and is a few blocks from Route 135. Reported daily traffic exceeds 33,000 vehicles. Nearby businesses and services include Ford, Toyota, USPS, Stop & Shop, Dunkin’, and CVS. The property is also next to a municipal parking lot.
The property has 50 feet of frontage on Merrick Road and is a few blocks from Route 135. Reported daily traffic exceeds 33,000 vehicles. Nearby businesses and services include Ford, Toyota, USPS, Stop & Shop, Dunkin’, and CVS. The property is also next to a municipal parking lot.
Key Highlights
- 50 feet of frontage on Merrick Road
- 186 parking spaces
- 10,230‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,697
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,493,940
$2.5M
Cap Rate 7%
$1,781,386
$1.8M
Cap Rate 9%
$1,385,522
$1.4M
Market Conditions
NOI Build-Up for 9,036 SF
Gross rent
$216.9K $24.00/SF
− Vacancy
−$17.3K −$1.92/SF
EGI
$199.5K $22.08/SF
− OpEx
−$74.8K −$8.28/SF
NOI
$124.7K $13.80/SF
Area
Nassau County, NY
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,493,940
Cap Rate 7%
$1,781,386
Cap Rate 9%
$1,385,522
Alternative Uses
Best Use
Specialty Retail
$5.97M
$5.23M – $6.97M
NOI $418,209 @ 7.0% cap · market cap 14.00%
Second Best
Mixed Use
$1.78M
$1.56M – $2.08M
NOI $124,697 @ 7.0% cap · market cap 4.17%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
2
Residential units
33,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
82k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Groceries 41%
Home Improvements & Furnishings 4%
Dining 3%
Stop & Shop
Groceries
33,647 visits/mo
0.2 miles
Shell
Shops & Services
16,915 visits/mo
0.1 miles
Bethpage Federal Credit Union
Shops & Services
7,052 visits/mo
0.1 miles
TD Bank
Shops & Services
5,837 visits/mo
0.3 miles
Speedway
Shops & Services
5,659 visits/mo
0.4 miles
Demographics for 11783, NY
21,299
Population
7,320
Households
2.9
Avg Household Size
43
Median Age
46%
College-Educated
96%
High-School Grad
3.5 sq mi
ZIP Area
6,085
Density / Sq Mi
$164,128
Median Household Income
$74,693
Median Earnings
$2,806
Median Rent
$626,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines restaurant, office, and residential space with prominent Merrick Road frontage.
Where is this mixed-use property located?
The property is located at 3943 Merrick Road Seaford, NY.
What is the asking price?
The asking price for this property is $2,988,000.
What are key features of this property?
This property features: 50 feet of frontage on Merrick Road; 186 parking spaces; 10,230‑square‑foot lot
