195 Merritts RdSouth Farmingdale, NY 11735

Property Details for 195 Merritts Rd

Year built

1976

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.39 AC

Property size (Sq ft)

2,283 SF

Property type

Retail properties

Property subtype

Banks

APN

48-519-00-0006

APU

48519000006

Description

This exceptional 7,278 square foot retail property, formerly a Capital One branch, presents a unique investment opportunity in South Farmingdale, NY. Situated on a 1.39-acre lot at 195 Merritts Rd, this 1977-constructed, two-story building offers significant potential for repositioning or redevelopment. The ground floor boasts approximately 7,278 square feet of vacant space, including a convenient drive-thru. Additional square footage is available on the second floor and in the basement. The property includes approximately 59 parking spaces, a significant asset given the high traffic volume of approximately 17,847 vehicles daily on Merritts Road. The building is 100% vacant and ready for immediate occupancy. All offers must be submitted via the Purchase and Sale Agreement (PSA), available upon request. This freestanding building in Nassau County offers a rare chance to acquire a substantial property in a high-traffic location. The property's size, location, and existing infrastructure make it ideal for a variety of retail uses. This is a prime opportunity for investors seeking a high-visibility location with significant redevelopment potential.

• CAP approach

  CAP return

  Valuation

  6%

  $554,849

  6.5%

  $512,168

  7%

  $475,585

• Comparable approach

  Method

  Valuation

  Relative Method

  $751,708

  Geo Method

  $751,708

• Alternative Use

  Use

  Valuation

  Residential

  $432,033

  Hospitality

  $395,740

  Educational

  $329,251

  Medical

  $340,574

  Retail

  $512,168

Location Insight

City

Farmingdale

County

Nassau

State

New York

Latitude

40.7232

Longitude

-73.4579

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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