280 Merrick Rd, Lynbrook, NY 11563
For Lease
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.
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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 Sale
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.