217 Merrick RdRockville Centre, NY 11572

Property Details for 217 Merrick Rd

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.10 AC

Property size (Sq ft)

1,650 SF

Property type

Retail space

APN

54-116-00-0051

APU

54116000051

Description

This versatile 900-square-foot commercial space, located at 217 Merrick Road in Oceanside, Nassau County, presents a fantastic opportunity for a variety of businesses. The property is a single-tenant Class B office building offering ground-floor accessibility with both front and rear entrances, ideal for customer access and deliveries. An additional 300-square-foot unfinished basement provides extra storage or expansion potential. Tenants will benefit from a shared 10-car parking lot at the rear, supplemented by ample street parking. The property's prime location near Mount Sinai South Nassau offers significant advantages for medical-related businesses. Surrounded by a thriving mix of complementary businesses, including a beauty salon, chiropractor, florist, daycare, social marketer, foot spa, and Emile's Candies, this location ensures high foot traffic and a vibrant commercial environment. The monthly rent is $2,350. This property is perfect for businesses seeking convenient access, ample parking, and a strong local presence. The space is suitable for executive offices, medical offices, or traditional office uses.

• CAP approach

  CAP return

  Valuation

  6%

  $401,008

  6.5%

  $370,161

  7%

  $343,721

• Comparable approach

  Method

  Valuation

  Relative Method

  $543,284

  Geo Method

  $543,284

• Alternative Use

  Use

  Valuation

  Residential

  $312,245

  Hospitality

  $286,014

  Educational

  $237,961

  Medical

  $246,144

  Retail

  $370,161

Location Insight

City

Rockville Centre

County

Nassau

State

New York

Latitude

40.6539

Longitude

-73.6282

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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