440 Merrick RdValley Stream, NY 11580

Property Details for 440 Merrick Rd

Year built

1920

Construction

FRAME

Lot size

0.28 AC

Property size (Sq ft)

1,960 SF

Property type

Retail properties

Property subtype

Retail space

APN

37-368-00-0004

APU

37368000004

Description

This exceptional Valley Stream property at 440 West Merrick Road offers a unique opportunity to lease flexible commercial space. The building, totaling 3,779 square feet across two stories, features two available spaces ideal for executive offices or retail use. The first floor offers 1,694 square feet of retail space available for lease at a modified gross rental rate of $35 per square foot annually ($4,940 monthly). The second floor provides 2,085 square feet of office space, also available for lease at a modified gross rental rate of $20 per square foot annually ($3,475 monthly). The entire building is currently vacant. While the spaces require renovation before occupancy, the landlord is offering free rent to offset renovation costs. Conveniently located near public transportation and major roadways, this property benefits from its proximity to a luxury motor dealership. Please note that the building permit restricts uses such as gatherings, events, and churches. Minimum leasable space is 1,694 square feet, with a maximum contiguous space of 2,085 square feet. This presents a rare chance to customize a space to perfectly suit your business needs in a highly desirable Nassau County location. The property's address is 440 W Merrick Rd, Valley Stream, NY 11580.

• CAP approach

  CAP return

  Valuation

  6%

  $476,348

  6.5%

  $439,706

  7%

  $408,299

• Comparable approach

  Method

  Valuation

  Relative Method

  $645,356

  Geo Method

  $645,356

• Alternative Use

  Use

  Valuation

  Residential

  $370,909

  Hospitality

  $339,750

  Educational

  $282,668

  Medical

  $292,390

  Retail

  $439,706

Location Insight

City

Valley Stream

County

Nassau

State

New York

Latitude

40.6684

Longitude

-73.7139

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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