148 Merrick RdAmityville, NY 11701

Property Details for 148 Merrick Rd

Year built

2012

Property size (Sq ft)

11,320 SF

Property type

Retail properties

Property subtype

Office properties

Description

This exceptional Class A, two-story retail and office building in Amityville, NY, presents a compelling investment opportunity. Boasting 11,320 square feet on a 5,660 square foot lot, the property features a multi-tenant occupancy with three current tenants. Built in 2012, the building is situated at 148 Merrick Rd, Amityville, NY 11701, in a high-traffic area with 25,762 cars passing daily. Currently, one vacancy offers a significant lease-up opportunity to increase revenue. The property benefits from its proximity to two municipal parking lots and numerous retail amenities, enhancing its appeal to both tenants and customers. The building offers a stabilized investment with a 4.60% cap rate and a strong net operating income (NOI) of $110,361. The asking price is $2,400,000, translating to $212.01 per square foot. The property is zoned for commercial use and is offered fee simple with a 5-year lease option available. The property's APN is 0101-007-00-05-00-007-006. Conveniently located near several bus stops, including the NYS 110/Merrick Rd and Montauk Hwy/Riverside Ave stops, this property offers excellent accessibility. This is a rare opportunity to acquire a well-located, high-performing commercial property with significant upside potential.

Location Insight

City

Amityville

County

Suffolk

State

New York

Latitude

40.671

Longitude

-73.4166

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