485 Merrick RdRockville Centre, NY 11570

  • Commercial land
  • 5,401 SF
For Sale
$2,675,000 View listing

Property Details for 485 Merrick Rd

Year built
1902
Lot size
0.12 AC
Property size (Sq ft)
5,401 SF
Property type
Commercial land
APN
38-336-00-0140
APU
38336000140

Description

This exceptional single-tenant retail property, located at 2700 Tuckaseegee Road in the Upton Charlotte submarket, presents a unique investment opportunity. The building encompasses 2,400 square feet and is classified as a convenience store within the Urban submarket cluster. Its prime location within a thriving neighborhood has fostered a successful operation for over 50 years, demonstrating strong historical performance and established customer loyalty. The property's single-tenant occupancy simplifies management and minimizes vacancy risks. The building itself is well-maintained and benefits from its established presence within the community. This offering provides a rare chance to acquire a long-standing, profitable business in a desirable urban location. The property's history of success, combined with its convenient size and established customer base, makes it an attractive prospect for investors seeking a stable and potentially high-return investment. Further due diligence is encouraged to fully assess the financial performance and potential of this exceptional retail property. The property's location within the Upton Charlotte submarket offers excellent access to transportation and a dense population base, contributing to its sustained success. This is a turnkey opportunity for an experienced investor looking to acquire a proven, profitable business.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,022,080
    Hospitality
    $936,220
    Educational
    $778,924
    Medical
    $805,713
    Retail
    $1,211,660

Location Insight

City
Rockville Centre
County
Nassau
State
New York
Latitude
40.6552
Longitude
-73.636
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,871
$1,663
-
$1,663
-
-
-
$166,300

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