Fully Leased Retail Strip
5640-18 Merrick Road #4 Massapequa, NY 11758
5640-18 Merrick Road #4, Massapequa, NY, 11758
$1,650,000
Pending
For Sale
$1,650,000
Pending
Stable, income-producing retail strip mall with strong Merrick Rd visibility and 17 parking spaces.
Days on Market64
Property Features for 5640-18 Merrick Road #4
General Information
- Standard status
- Pending
- Property subtype
- Commercial
Building Details
- Year Built
- 1966
Listing Agency
PROMISE REALTY LLC
(718) 445-0000
Listed by
UNSOO LEE
Source
Corcoran
Added: May 19 Updated: Jul 10 at 3:59 pm Checked: Jul 20 at 3:46 am
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 PROMISE REALTY LLC
Investment Insights
Based on property information with market context.
This for-sale retail strip mall is fully leased and arranged to serve multiple neighborhood uses. Current tenants include a nail spa, smoke shop, pharmacy, and storage. The property is supported by long lease terms, with tenant leases noted through 2033–2038, contributing to a steady operating profile. Reported financials include a 6% cap rate with approximately $150,000 in gross income and about $100,000 in NOI. The offering is described as cash-only, and includes a 1031-exchange angle for qualified buyers.
The center is positioned for high traffic with strong visibility on Merrick Rd. Parking is provided in front and back, with a total of 17 spaces serving the storefront and customer needs. The mix of tenants and continued lease coverage is intended to support ongoing day-to-day operations.
For buyers seeking a retail asset with established occupancy and long-term tenant continuity, this strip mall offers a practical fit. The current tenancy and reported lease durations through the next several years can help anchor operations, while the seller’s stated value-add potential centers on renewal opportunities. With multiple uses already in place, it may be suitable for investors, 1031 buyers, or operators looking for a manageable, diversified retail configuration.
The center is positioned for high traffic with strong visibility on Merrick Rd. Parking is provided in front and back, with a total of 17 spaces serving the storefront and customer needs. The mix of tenants and continued lease coverage is intended to support ongoing day-to-day operations.
For buyers seeking a retail asset with established occupancy and long-term tenant continuity, this strip mall offers a practical fit. The current tenancy and reported lease durations through the next several years can help anchor operations, while the seller’s stated value-add potential centers on renewal opportunities. With multiple uses already in place, it may be suitable for investors, 1031 buyers, or operators looking for a manageable, diversified retail configuration.
Key Highlights
- Retail strip mall built in 1966, fully leased with stable tenant income
- Cap 6% reported; gross income $150K and NOI $100K
- Long‑term tenants including Nail Spa, Smoke Shop, Pharmacy, and Storage
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Stable, income-producing retail strip mall with strong Merrick Rd visibility and 17 parking spaces.
Where is this strip mall located?
The property is located at 5640-18 Merrick Road #4 Massapequa, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Retail strip mall built in 1966, fully leased with stable tenant income; Cap 6% reported; gross income $150K and NOI $100K; Long‑term tenants including Nail Spa, Smoke Shop, Pharmacy, and Storage
