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Active
3943 Merrick RD Seaford, NY 11783
10,227 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 967968
Rental Info No
Year Built 1928
Annual Tax Amount $39,884
Lot Size 10,227 Sqft
Acres 0.2348
Property Sub-Type Business
Source onekey2
Property Description
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!!!)
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!!!)
Location
State NY
County Nassau County
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
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