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    OFF-MARKET Estimated value $645,000
    Turn key restaurants

    153 Merrick Ave, Merrick, NY 11566-3491

    1,750 SF 0.06 ac lot Built 1957
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-2553245
    Property summary
    AI-generated overview

    This exceptional owner-user investment opportunity presents a 1,750-square-foot QSR/restaurant space ideally situated at 153 Merrick Avenue in Merrick, New York. Built in 1957, this single-story, 1,750-square-foot building sits on a 0.06-acre lot (APN: 55-502-00-0679) and offers a prime location within a thriving retail corridor. The asking price is $612,500, translating to $350 per square foot. The property benefits from its proximity to the Merrick LIRR station, less than a ten-minute walk away, ensuring convenient access for both employees and customers. This location boasts significant traffic volume, with Sunrise Highway, nearby, experiencing approximately 52,484 vehicles daily. The surrounding area is characterized by a strong concentration of local businesses and restaurants, creating a vibrant and attractive retail environment. Market analysis reveals approximately 6,900 households within a one-mile radius, boasting an average household income exceeding $204,000. Furthermore, the area's population density is substantial, with approximately 20,160 people residing within a one-mile radius. Recent leasing activity on Merrick Avenue indicates a positive trend, attracting new businesses and increasing foot traffic. This presents a compelling opportunity for an owner-user to establish or expand their business in a high-demand location with excellent visibility and accessibility.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1957
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 1,750 SF
    Lot 0.06 ac (2,539 SF)
    APN 55-502-00-0679
    UPID US63-2553245
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • R&S Beanery Cafe & Coffee Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $570k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $773k
    Blend (final) Blend
    $645k
    Owner & transaction history
    Tljsmlm LLC · 1 yrs held
    Tljsmlm LLC
    since 2025
    Last sale
    $561,399
    2 recorded transactions
    2025
    $561,399
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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