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Property profile & analytics
OFF-MARKET Estimated value $710,000
Turn key restaurants

5422 Merrick Rd Massapequa, NY 11758-6213

3,600 SF 0.09 ac lot
Entity Owned 3-yr Hold Free & Clear
Property ID
US63-3115202
Property summary
AI-generated overview

This exceptional 2,568 square foot retail building, situated on a 0.13-acre lot at 5422 Merrick Road in Massapequa, NY, presents a unique investment opportunity. Currently configured as a long-standing restaurant, the property boasts a fully equipped kitchen, including a walk-in refrigerator and an Ansul fire suppression system. A built-in bar and ample storage space, including both rear storage and container storage, add to its functionality. The property's significant advantage lies in its convenient on-site parking for 18 vehicles, catering to the needs of customers in the affluent Massapequa market. The high visibility location on Merrick Road ensures excellent exposure to a substantial customer base. While currently operating as a restaurant with dedicated dining and party room areas, the property offers significant potential for conversion to other retail uses, subject to obtaining the necessary permits. This versatile space is ideal for a discerning investor seeking a well-established property with strong potential for future growth and adaptation to various retail concepts. The asking price is $1,300,000. This presents a compelling opportunity to acquire a prime retail space in a desirable location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Total area 3,600 SF
Lot 0.09 ac (3,800 SF)
APN 66-004-00-0094
UPID US63-3115202
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
  • Sergio's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$710k
Owner & transaction history
5422 Merrick Road LLC · 3 yrs held
5422 Merrick Road LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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