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Property profile & analytics
OFF-MARKET Estimated value $580,000
Investment properties

1818 Merrick Rd Merrick, NY 11566-4530

3,600 SF 0.29 ac lot Built 1967
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US63-1816618
Property summary
AI-generated overview

This exceptional retail property, located at 1818 Merrick Road in Merrick, New York, presents a unique investment opportunity. The 3,600-square-foot building sits on a 0.28-acre lot and boasts 100 feet of frontage on Merrick Road, ensuring high visibility and accessibility. The property is zoned for Business Districts (X), allowing for a variety of commercial uses. Its strategic location benefits from an average daily traffic count of 31,153 vehicles on Merrick Road, placing it within a high-traffic area surrounded by established national retailers, maximizing exposure to potential customers. The single-story building offers significant potential for owner-users or investors seeking a strong return. The asking price is $1,500,000, translating to $416.67 per square foot. A ground lease option is also available for qualified buyers. This property is for sale by owner and represents a compelling opportunity to acquire a well-situated retail space in a thriving commercial area. The property's high traffic count, prime location, and ample square footage make it an ideal investment for a variety of businesses. Don't miss this chance to secure a prominent retail presence in Merrick, NY.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1967
Total area 3,600 SF
Lot 0.29 ac (12,807 SF)
APN 62-001-00-0177
UPID US63-1816618
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
  • Busy Bee Dry Cleaners (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$765k
Comparable Approach Comparable
by Request
Blend (final) Blend
$580k
Owner & transaction history
BERNSTEIN ELLEN TRUST
BERNSTEIN ELLEN TRUST
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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