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Property profile & analytics

5422 Merrick Rd Massapequa, NY 11758-6213

  • Turn key restaurants
  • 3,600 SF
  • 0.09 lot acres
OFF-MARKET
Last Sale
Oct 28, 2022
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US63-3115202
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Sergio's / Bar & Grill / Dessert Restaurant

Property Details for 5422 Merrick Rd

Lot size
0.09 lot acres
Property size
3,600 SF
Property type
Turn key restaurants
APN
66-004-00-0094
APU
66004000094

Description

This exceptional 2,568 square foot retail building, situated on a 0.13-acre lot at 5422 Merrick Road in Massapequa, NY, presents a unique investment opportunity. Currently configured as a long-standing restaurant, the property boasts a fully equipped kitchen, including a walk-in refrigerator and an Ansul fire suppression system. A built-in bar and ample storage space, including both rear storage and container storage, add to its functionality. The property's significant advantage lies in its convenient on-site parking for 18 vehicles, catering to the needs of customers in the affluent Massapequa market. The high visibility location on Merrick Road ensures excellent exposure to a substantial customer base. While currently operating as a restaurant with dedicated dining and party room areas, the property offers significant potential for conversion to other retail uses, subject to obtaining the necessary permits. This versatile space is ideal for a discerning investor seeking a well-established property with strong potential for future growth and adaptation to various retail concepts. The asking price is $1,300,000. This presents a compelling opportunity to acquire a prime retail space in a desirable location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Massapequa
County
Nassau
State
New York
Longitude
-73.4366
Latitude
40.668
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,363
$961
$86
$1,047
-
$0.00
$0.00
$104,700
More about this property
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