For Sale
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Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Baldwin market rent, vacancy and expense benchmarks for this use type.
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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