153 Merrick Ave, Merrick, NY 11566-3491
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.
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R&S Beanery Cafe & Coffee Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.