111 Merrick RdValley Stream, NY 11580

Property Details for 111 Merrick Rd

Year built

1948

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.12 AC

Property size (Sq ft)

4,366 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

37-102-00-0029

APU

37102000029

Description

This exceptional 4,366 square foot office space, located at 111 E Merrick Rd in Valley Stream, NY 11580, presents a fantastic opportunity for businesses seeking a well-maintained and versatile workspace. The property, a single-tenant building, boasts ample natural light and high ceilings, creating a bright and inviting atmosphere. Modern LED lighting enhances energy efficiency and contributes to a contemporary feel. The layout includes multiple offices and bathrooms, catering to diverse business needs. A large break room and dedicated storage room provide added convenience for employees. Situated on a busy thoroughfare, this location offers excellent visibility and accessibility, ensuring high traffic and easy client access. The building's zoning allows for multiple uses, providing flexibility for a range of businesses. Despite being constructed in 1948, the property has been meticulously maintained, featuring a well-maintained roof and recent modern updates. Electric power is readily available. This Nassau County property is ideal for medical offices, executive suites, or traditional office setups. The combination of its prime location, spacious layout, and modern amenities makes this an exceptional opportunity for a discerning tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $895,069

  6.5%

  $826,218

  7%

  $767,202

• Comparable approach

  Method

  Valuation

  Relative Method

  $884,215

  Geo Method

  $884,215

• Alternative Use

  Use

  Valuation

  Residential

  $826,218

  Hospitality

  $756,811

  Educational

  $629,658

  Medical

  $651,313

  Retail

  $979,468

Location Insight

City

Valley Stream

County

Nassau

State

New York

Latitude

40.664

Longitude

-73.6942

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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