484 Merrick RdLynbrook, NY 11563

Property Details for 484 Merrick Rd

Year built

1938

Construction

FRAME

Lot size

0.11 AC

Property size (Sq ft)

672 SF

Property type

Investment properties

Property subtype

Live-work space

APN

37-306-00-0164

APU

37306000164

Description

This exceptional single-tenant retail property, located at 484 Merrick Road in Nassau County, presents a unique investment opportunity. Situated on a busy commercial thoroughfare, this property boasts a total building size of 16,266 square feet, with the available space encompassing 2,156 square feet. The property is zoned for commercial use and benefits from its location in a local shopping center, ensuring high visibility and foot traffic. The building itself does not include elevators. The property's address is further identified by its cross street, John Street. This presents a compelling opportunity for businesses seeking a high-traffic location with excellent visibility. The single-tenant occupancy provides a streamlined management structure, while the substantial square footage offers ample space for a variety of retail operations. The property's location within a thriving shopping center ensures a consistent flow of potential customers. This is an ideal space for a business looking to establish a strong presence in a busy commercial area. The property's zoning designation as "Commercial" allows for a wide range of potential uses, subject to local regulations. The convenient location and ample space make this property a highly desirable investment opportunity in a dynamic commercial area of Nassau County. Serious inquiries are encouraged to explore this promising retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $111,102

  6.5%

  $102,555

  7%

  $95,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $87,804

  Geo Method

  $87,804

• Alternative Use

  Use

  Valuation

  Residential

  $127,169

  Hospitality

  $116,486

  Educational

  $96,915

  Medical

  $100,248

  Retail

  $150,756

Location Insight

City

Lynbrook

County

Nassau

State

New York

Latitude

40.6589

Longitude

-73.679

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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