3595 Merrick Rd, Seaford, NY 11783
5,850 SF | 100% Leased | Retail Building | Seaford, NY 11783 | $1,200,000 ($205/SF) | 8.03% Cap Rate
For Sale
Active
8 pictures
- Date Added:
- September 16, 2024
- Days on Market:
- 13 days
Asking Price $1,200,000
- Property Type
-
Retail
- Square Feet
- 5,850 SF
- Price / Square Foot
- $205
Listing Contacts
Jonathan Winzelberg
Verified Profile
Juliana Chiarelli
Verified Profile
- Property Info
Property Overview
The subject property is a mixed-use building with 3,950 square feet of ground floor retail/showroom space plus a ~700 square foot apartment above, and an adjacent single family home with 2 bedrooms, 1.5 bathrooms and parking on-site. The buildings are located on the north side of Merrick Road in Seaford.
The property is one block west of the Seaford-Oyster Bay Expressway and has parking on-site for 8 cars. The retail building has been occupied by Seaford Vac & Sew for nearly 30 years and will be delivered vacant at closing.
The property is ideal for a local owner-operator to purchase for their own business and offers immediate upside by renting the second floor apartment and adjacent single family home.
The property consists of three separate tax lots totaling 8,600 square-feet combined, and is less than one mile from Seaford Harbor Elementary School and Cedar Creek Park.
Projected 8%+ cap fully leased at asking price. Motivated seller, submit all offers.
The property is one block west of the Seaford-Oyster Bay Expressway and has parking on-site for 8 cars. The retail building has been occupied by Seaford Vac & Sew for nearly 30 years and will be delivered vacant at closing.
The property is ideal for a local owner-operator to purchase for their own business and offers immediate upside by renting the second floor apartment and adjacent single family home.
The property consists of three separate tax lots totaling 8,600 square-feet combined, and is less than one mile from Seaford Harbor Elementary School and Cedar Creek Park.
Projected 8%+ cap fully leased at asking price. Motivated seller, submit all offers.
Property Details
- Class
- B
- Year Built/Renovated
- 1928/1993
- Stories
- 2
- Property Subtype
- Storefront Retail/Residential, Showroom, Storefront, Storefront Retail/Office
- Lot Size (sq. ft)
- 8,712 SF
Highlights
- Mixed-use retail with 1-bedroom apartment above
- Ideal for owner-user with potential income from apartment and adjacent single family home
- Large retail/showroom space with ample storage and workshop area
- On-site parking
- 8%+ cap projected
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