Property profile

207-233 Merrick Rd & 63 Valley Stream, NY 11580

OFF-MARKET
Neighborhood centers
99,126 SF
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Property summary

AI-generated overview

This exceptional retail strip center in Valley Stream, Nassau County, presents a compelling investment opportunity. The property boasts a total of 99,126 square feet, strategically situated near a high-traffic King Kullen grocery store, ensuring consistent foot traffic and visibility. Currently, two retail spaces are available, offering flexible options for prospective tenants. The minimum leasable space is 2,175 square feet, while the maximum contiguous space available is 2,776 square feet. This allows for adaptability to various business needs and expansion plans. The center's prime location within Valley Stream guarantees excellent exposure to a large customer base. With a total of two suites, this property offers a manageable and potentially highly profitable investment. The current vacancy stands at 4,951 square feet, representing a significant opportunity for immediate income generation or customized tenant improvements. This property is an ideal choice for investors seeking a well-located, established retail center with potential for strong returns. The convenient location and proximity to a major grocery anchor make this a highly desirable retail space. The existing infrastructure and established location minimize the need for extensive renovations or upgrades, allowing for a swift return on investment. This is a rare opportunity to acquire a well-positioned retail property in a thriving Nassau County market.

Property profile

Verified
Property type Neighborhood centers
Total area 99,126 SF

Cap rate & NOI

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

Location

207-233 Merrick Rd & 63 Valley Stream, NY 11580
Valley Stream metro
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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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