3943 Merrick Road, Hempstead, NY, 11783
$2,988,000
activeLot Size
10,230 sqft
Year Built
1928
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
Calling All Investors, Developers & End-Users!!! 11,880 Sqft. Mixed-Use Building For Sale On Merrick Road!!! The Property Features Excellent Signage, Great Exposure, 186 Parking Spaces, High 10’ Ceilings, Restaurant, (1) 1 Br. Apartment, (1) 2 Br. Apartment, Business Districts (X) Zoning, Office, Security Camera System, Accessible Bathrooms, Ramp, Basement, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Seaford With 50' Of Frontage On Busy Merrick Road Just Blocks From Route 135!!! The Building Is Situated On A 10,230 Sqft. Lot Next To A Huge Municipal Parking Lot!!! Neighbors Include Ford, Jeep-Dodge-Ram, Toyota, Infiniti, Acura, Subaru, USPS, UPS, Capital One Bank, TD Bank, Chase Bank, Stop & Shop, OrangeTheory Fitness, Dunkin’, 7-Eleven, Uncle Giuseppe’s Marketplace, Cold Stone Creamery, Jiffy Lube, CVS, +++ !!! This Property Has A Daily Traffic Count Of 33,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! This Successful Restaurant Business Can Also Be Bought For Only $525k!!! Income: Apt. 1 (New 1 Br.): $28,800 Ann. Apt. 2 (Office): $30,000 Ann. Apt. 3 (2 Br.): $42,000 Ann. (Available) Restaurant + Full LL: $156,000 Ann. Pro Forma Gross Income: $256,800 Ann. Expenses: Gas: $4,620 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $3,869 Ann. Taxes: $39,885 Ann. Water: $0 Ann. Total Expenses: $48,624 Ann. Net Operating Income (NOI): $208,176 Ann. (Pro Forma 6.97% Cap!!!)
Listed by Richard Matt Shane, All Island Estates Realty Corp
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