Property profile

464 Merrick Rd Oceanside, NY 11572

OFF-MARKET
Retail properties & Spaces
4,900 SF 0.1 ac lot Built 1955
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Property summary

AI-generated overview

Prime Oceanside, NY storefront on Merrick Road, asking $789,000. This 4,900 square foot Class C retail property boasts a high-traffic corner location with a traffic signal, ensuring excellent visibility and accessibility. The building, constructed in 1955, features approximately 2,900 square feet on the ground level, including a warehouse with an overhead door, and a full 2,000 square foot basement. The property includes two parking spaces and sits on a 0.1-acre lot (4,212 square feet). Currently 100% occupied with a single tenant under a modified lease. Its convenient location offers close proximity to Mount Sinai Hospital and the Long Island Rail Road (LIRR), providing significant foot and vehicular traffic. The property is zoned for retail use and has a Nassau County tax assessment of $26,620. This is a strong investment opportunity in a thriving commercial area.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1955
Total area 4,900 SF
Lot 0.1 ac (4,356 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement

Location

464 Merrick Rd Oceanside, NY 11572
Oceanside metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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