153 Merrick Ave Merrick, NY 11566-3491

Property Details for 153 Merrick Ave

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.06 lot acres

Property size

1,750 SF

Property type

Turn key restaurants

APN

55-502-00-0679

APU

55502000679

Description

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.

Location Insight

City

Merrick

County

Nassau

State

New York

Longitude

-73.5544

Latitude

40.6683

CBSA code

35620

CBSA name

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

Property Tax & Assessments