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    FOR LEASE
    Office buildings

    280 Merrick Rd, Lynbrook, NY 11563

    3,255 SF 0.11 ac lot Built 1922
    Entity Owned 12-yr Hold Free & Clear
    Property ID
    US63-0906669
    280 Merrick Rd, Lynbrook, NY 11563 For Lease
    $990/Mo
    280 Merrick Rd, Lynbrook, NY 11563
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    Property summary
    AI-generated overview

    This exceptional 3,150 square foot commercial office building presents a remarkable investment opportunity in the thriving Lynbrook, NY market. Situated on a highly trafficked section of Merrick Road, this pristine property boasts excellent visibility and accessibility. The building's recent renovations ensure a modern and efficient workspace, featuring nine individual offices, a dedicated conference room, a spacious open area perfect for collaborative work or additional office space, a well-equipped kitchen, and two bathrooms. The layout offers both a convenient front and rear entrance, enhancing functionality and accessibility for clients and staff. Its strategic corner location maximizes visibility and provides ample natural light. The property's location is ideal, offering easy access to major transportation arteries including Southern State Parkway, Belt Parkway, Cross Island Parkway, Peninsula Boulevard, and Sunrise Highway. Furthermore, its proximity to the Long Island Rail Road (LIRR) adds significant commuter convenience. Abundant parking is available nearby, including municipal parking and ample street parking. The property currently generates rental income, although a 30% vacancy rate is noted. This presents an opportunity to increase occupancy and further enhance the investment return. This property is sure to attract significant interest, so act quickly.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1922
    Construction FRAME
    Total area 3,255 SF
    Lot 0.11 ac (4,590 SF)
    APN 38-089-00-0222
    UPID US63-0906669
    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
    • The Golden Box Industrial Manufacturer Factory
    • Lynbrook Vehicle Towing's & Co (Bike/Boat/Book/etc) Store Auto Parts Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $625k
    Owner & transaction history
    280 Merrick Road LLC · 12 yrs held
    280 Merrick Road LLC
    since 2013
    1 recorded transaction
    2013
    $325,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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