4342 Merrick Rd Massapequa, NY 11758
- Investment properties
- 1,770 SF
- 0.18 lot acres
Current Use by Public Records
- Levelupcuts / Barber Shop
- Pierce the Barber / Barber Shop
- M&H FOOT RELAXATION / Gym
Property Details for 4342 Merrick Rd
- Year built
- 1976
- Construction
- FRAME
- Lot size
- 0.18 lot acres
- Property size
- 1,770 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 65-188-00-0211
- APU
- 65188000211
Description
This exceptional investment opportunity presents a thriving three-store retail property ideally situated on Merrick Road in the heart of Massapequa, NY. The property boasts a total of 3,599 square feet situated on a 0.18-acre lot, providing ample space for its current tenants and potential for future expansion or redevelopment. The building is currently occupied by a restaurant, a convenience store, and a barber shop, generating a substantial monthly income stream. The restaurant contributes $5,950, the convenience store $2,100, and the barber shop $3,288, totaling a significant monthly revenue. The property features eight convenient on-site parking spaces, ensuring easy access for customers and employees. This prime location on a busy, high-traffic thoroughfare guarantees excellent visibility and accessibility, making it an attractive destination for businesses and customers alike. The motivated seller presents a unique chance to acquire a stable, income-producing asset in a desirable and densely populated area. This property is an excellent addition to any investor's portfolio, offering both immediate returns and significant long-term potential. The strong tenant occupancy and consistent rental income make this a low-risk, high-reward investment opportunity. Don't miss this chance to secure a piece of Massapequa's thriving commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,000,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,045,000
- 6.5%
- $1,185,000
- 7%
- $1,245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,110,000
- Geo Method
- $1,190,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,180,000
- Retail
- $975,000
- Mixed-Use
- $1,130,000
- Hospitality
- $940,000
- Educational
- $1,265,000
- Residential Income
- $1,290,000
- Energy
- $960,000
- Income-Based Land
- $1,155,000
- Food Service
- $1,005,000
Location Insight
- Map
- Local Demand
- City
- Massapequa
- County
- Nassau
- State
- New York
- Longitude
- -73.4735
- Latitude
- 40.6664
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
