4342 Merrick RdMassapequa, NY 11758

Property Details for 4342 Merrick Rd

Year built

1976

Construction

FRAME

Lot size

0.18 AC

Property size (Sq ft)

1,770 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

65-188-00-0211

APU

65188000211

Description

This exceptional investment opportunity presents a thriving three-store retail property ideally situated on Merrick Road in the heart of Massapequa, NY. The property boasts a total of 3,599 square feet situated on a 0.18-acre lot, providing ample space for its current tenants and potential for future expansion or redevelopment. The building is currently occupied by a restaurant, a convenience store, and a barber shop, generating a substantial monthly income stream. The restaurant contributes $5,950, the convenience store $2,100, and the barber shop $3,288, totaling a significant monthly revenue. The property features eight convenient on-site parking spaces, ensuring easy access for customers and employees. This prime location on a busy, high-traffic thoroughfare guarantees excellent visibility and accessibility, making it an attractive destination for businesses and customers alike. The motivated seller presents a unique chance to acquire a stable, income-producing asset in a desirable and densely populated area. This property is an excellent addition to any investor's portfolio, offering both immediate returns and significant long-term potential. The strong tenant occupancy and consistent rental income make this a low-risk, high-reward investment opportunity. Don't miss this chance to secure a piece of Massapequa's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $394,766

  6.5%

  $364,400

  7%

  $338,371

• Comparable approach

  Method

  Valuation

  Relative Method

  $358,466

  Geo Method

  $358,466

• Alternative Use

  Use

  Valuation

  Residential

  $364,400

  Hospitality

  $333,788

  Educational

  $277,708

  Medical

  $287,259

  Retail

  $431,990

Location Insight

City

Massapequa

County

Nassau

State

New York

Latitude

40.6664

Longitude

-73.4735

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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