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    OFF-MARKET
    Banks

    195 Merritts Rd, Farmingdale, NY 11735-3256

    2,283 SF 1.39 ac lot Built 1976
    Entity Owned Free & Clear
    Property ID
    US63-3370561
    Property summary
    AI-generated overview

    This exceptional 7,278 square foot retail property, formerly a Capital One branch, presents a unique investment opportunity in South Farmingdale, NY. Situated on a 1.39-acre lot at 195 Merritts Rd, this 1977-constructed, two-story building offers significant potential for repositioning or redevelopment. The ground floor boasts approximately 7,278 square feet of vacant space, including a convenient drive-thru. Additional square footage is available on the second floor and in the basement. The property includes approximately 59 parking spaces, a significant asset given the high traffic volume of approximately 17,847 vehicles daily on Merritts Road. The building is 100% vacant and ready for immediate occupancy. All offers must be submitted via the Purchase and Sale Agreement (PSA), available upon request. This freestanding building in Nassau County offers a rare chance to acquire a substantial property in a high-traffic location. The property's size, location, and existing infrastructure make it ideal for a variety of retail uses. This is a prime opportunity for investors seeking a high-visibility location with significant redevelopment potential.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1976
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,283 SF
    Lot 1.39 ac (60,723 SF)
    APN 48-519-00-0006
    UPID US63-3370561
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    SUNRISE FEDERAL S & L ASSN
    SUNRISE FEDERAL S & L ASSN
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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