Current Use by Public Records
- Dr. Scott J. Flashner, MD / Physician
- Karolina Santman / Physician
- Richard Marino / Physician
- Ms. Chelsea Rios / Physician
- Rachel Levy-Haim / Physician
Property Details for 148 Merrick Rd
- Year built
- 2012
- Property type
- Retail properties & Spaces
- Property subtype
- Office Spaces
Description
This exceptional Class A, two-story retail and office building in Amityville, NY, presents a compelling investment opportunity. Boasting 11,320 square feet on a 5,660 square foot lot, the property features a multi-tenant occupancy with three current tenants. Built in 2012, the building is situated at 148 Merrick Rd, Amityville, NY 11701, in a high-traffic area with 25,762 cars passing daily. Currently, one vacancy offers a significant lease-up opportunity to increase revenue. The property benefits from its proximity to two municipal parking lots and numerous retail amenities, enhancing its appeal to both tenants and customers. The building offers a stabilized investment with a 4.60% cap rate and a strong net operating income (NOI) of $110,361. The asking price is $2,400,000, translating to $212.01 per square foot. The property is zoned for commercial use and is offered fee simple with a 5-year lease option available. The property's APN is 0101-007-00-05-00-007-006. Conveniently located near several bus stops, including the NYS 110/Merrick Rd and Montauk Hwy/Riverside Ave stops, this property offers excellent accessibility. This is a rare opportunity to acquire a well-located, high-performing commercial property with significant upside potential.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Amityville
- County
- Suffolk
- State
- New York
- Longitude
- -73.4166
- Latitude
- 40.671
