For Sale
$799,000

587 Merrick Rd Valley Stream, NY 11580

Prime Merrick Road location, two units, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional mixed-use property at 587 W Merrick Road, Valley Stream, NY 11580, offers a unique investment opportunity. The building, constructed in 1950 and extensively renovated in 2018, boasts a total of 2,214 square feet spread across two stories. The first floor comprises 1,500 square feet of commercial space, ideal for a variety of professional uses, including but not limited to accounting, legal, medical, or retail businesses. A private backyard complements this space. The second floor features a 720-square-foot one-bedroom apartment, providing an additional income stream. This prime location on Merrick Road sits conveniently near the Nassau/Queens border, ensuring high visibility and accessibility. The asking price is $799,000, translating to $360.89 per square foot. This property presents a compelling opportunity for owner-occupants seeking to combine business operations with rental income, or for investors looking for a strong return on investment in a desirable location. The building's recent renovation ensures modern amenities and functionality. This is a rare chance to acquire a well-maintained, income-generating property in a thriving area.

Highlights

  • Mixed-use building, 2,214 sq ft, 587 W Merrick Rd, Valley Stream, NY 11580.
  • 1,500 sq ft of ground floor commercial space, ideal for various professional uses.
  • 720 sq ft, one-bedroom apartment on the second floor.
  • Renovated in 2018.
  • Asking price: $799,000 ($360.89/sq ft).

Property Details for 587 Merrick Rd

Property type
Mixed-use properties, Retail residential properties
Square Feet
2,214 SF
Year Built/Renovated
1950/2018
Stories
2
Units
2

Location Insight

City
Valley Stream
County
Nassau
State
New York
Latitude
40.670644681364
Longitude
-73.718077237489

FAQs

What type of property is this?
Mixed-use property - Prime Merrick Road location, two units, high ROI.
Where is the mixed-use property located?
The property is located at 587 Merrick Rd Valley Stream, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Mixed-use building, 2,214 sq ft, 587 W Merrick Rd, Valley Stream, NY 11580.; 1,500 sq ft of ground floor commercial space, ideal for various professional uses.; 720 sq ft, one-bedroom apartment on the second floor.
How can I contact the broker?
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587 Merrick Rd
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