851 Merrick Rd - Storefront FOR SALE


Baldwin, NY 11510
$2,650,000 USD
212-235-2764
851 Merrick Rd, Baldwin, NY for Sale
$2,650,000 USD
Storefront - FOR SALE
1/29
null | Request Cap Rate

851 Merrick Rd
Baldwin, NY 11510


OVERVIEW

SP Capital Group is proud to exclusively represent the sale of a prominent retail building located at 851-861 Merrick Rd in Baldwin, New York. This single-story retail property spans 9,140 square feet and consists of six retail units, with only two currently vacant. The building is strategically positioned near the intersection of Merrick Rd and Park Ave, ensuring excellent visibility and accessibility for tenants and customers alike. This investment opportunity boasts a solid income profile with a total annual income of $204,888, generating a net operating income of $142,417. The property features well-established tenants, including Elevate Fitness, Nassau Dance, and KT Paints, providing a diverse tenant mix that enhances stability. Notably, there is significant upside potential in the rental income, particularly with the vacant units and the month-to-month leases that are ripe for renegotiation. The property is situated on a generous 14,593 square foot lot and benefits from its proximity to various amenities, including restaurants, shops, markets, schools, parks, Sunrise Highway, and the Long Island Rail Road (LIRR). This vibrant location further solidifies its appeal as a retail destination. With an asking price of $2,650,000, this property represents an exceptional investment opportunity in a highly sought-after area of Long Island. For more information or to schedule a viewing, please contact us today.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$290 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

Commercial

APN/PARCEL ID

2089-54-102-00-0169-0

ASK ABOUT THIS PROPERTY

Roni SoleimaniSP Capital Group LLCMore Info
212-235-2764

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Roni SoleimaniSP Capital Group LLCMore Info
212-235-2764

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.