97 Merrick Rd, Baldwin, NY 11510-3331
This exceptional investment opportunity presents a mixed-use property located at 97 Merrick Road in Baldwin, NY, 11510. The property consists of a ground floor retail space currently operating as a fully equipped pizza shop, offering significant potential for diverse commercial uses. Above the retail space are two 2-bedroom apartments. One apartment is currently vacant, while the other is occupied by a tenant paying $2050 per month (without a lease). The building's total square footage is not currently specified. This prime location offers high visibility and foot traffic, situated on a main thoroughfare just two blocks from the Long Island Rail Road (LIRR) station, ensuring convenient access for commuters and customers. The asking price for this property is $1,300,000. The property's strategic location and the combination of retail and residential income streams make it an attractive investment prospect with considerable upside potential. The existing pizza shop provides immediate cash flow, while the vacant apartment offers the opportunity to increase rental income. The flexibility of the retail space allows for a variety of commercial ventures, catering to the needs of the local community. This is a rare opportunity to acquire a well-positioned property in a thriving area. Serious inquiries are encouraged.
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DeFrancisco's Pizzeria & Ristorante Restaurant
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.