829 Merrick AveWestbury, NY 11590

Property Details for 829 Merrick Ave

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.00 AC

Property size (Sq ft)

8,976 SF

Property type

Turn key restaurants

APN

44-078-00-0056

APU

44078000056

Description

This exceptional 10,064 square foot commercial property, located at 829 Merrick Avenue in Westbury, New York, presents a unique opportunity for a discerning tenant. The property is classified as retail or restaurant space and is currently available for lease as a single-tenant occupancy. The building's total square footage is 10,064 square feet, all of which is currently vacant, providing a blank canvas for a new business venture. Ample parking is available with 264 spaces, ensuring convenient access for customers and employees. Situated in Nassau County, New York, with a zip code of 11590, this property benefits from a highly visible location on Merrick Avenue in the thriving Westbury community. The property's address is 829 Merrick Ave, Westbury, NY 11590, offering excellent accessibility and high visibility for any business. This single-tenant space provides a significant opportunity for a business seeking a substantial footprint in a prime Westbury location. The property's size and parking capacity make it suitable for a variety of retail or restaurant concepts. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,181,481

  6.5%

  $2,013,675

  7%

  $1,869,841

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,955,466

  Geo Method

  $2,955,466

• Alternative Use

  Use

  Valuation

  Residential

  $1,698,610

  Hospitality

  $1,555,918

  Educational

  $1,294,505

  Medical

  $1,339,026

  Retail

  $2,013,675

Location Insight

City

Westbury

County

Nassau

State

New York

Latitude

40.7444

Longitude

-73.5872

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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