Entity Owned Property summary
This exceptional mixed-use property, located at 65 W Merrick Road in Valley Stream, NY, presents a compelling investment opportunity. The 14,000 square foot building, constructed in 1953, features two 7,000 square foot spaces, currently occupied under month-to-month leases. The property boasts a convenient C-1 zoning designation. Situated on a 0.27-acre lot, it offers ample parking with a 35-car lot. The building is a two-story structure, providing versatile space for office and retail uses. Occupancy is slated for June 1st, 2024. Its prime location offers easy access to downtown Valley Stream, the Valley Stream LIRR station, and major transportation arteries including Sunrise Highway and the Southern State Parkway. The property is also conveniently located just 6 miles from John F. Kennedy International Airport. This presents significant upside potential for the owner/user. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving Nassau County location.
Property profile
VerifiedCap rate & NOI
Current use
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Marketing & Advertising Event Planning
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Advocacy Group Social Service Agency
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Freight Service Logistics Company
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Nursing Home Retirement Community
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Property Management Company
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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