5422 Merrick Rd
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5422 Merrick Rd
2,568 SF Retail Building Massapequa, NY 11758 $1,300,000 ($506/SF)
Investment Highlights
- 23,000 vehicles passing per day
- Long Standing Established Business
- Primary Road
- 18 Dedicated Parking Spaces
Executive Summary
This has been a long standing restaurant for approximately 40 years so it could be a restaurant or medical/retail conversion.
Taxes for both lots $36,733
Taxes for both lots $36,733
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$36,722
|
$14.30
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$36,722
|
$14.30
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $36,722 |
| Annual Per SF | $14.30 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $36,722 |
| Annual Per SF | $14.30 |
Property Facts In Escrow
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,568 SF
Building Class
C
Year Built
1961
Price
$1,300,000
Price Per SF
$506
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.21 AC
Zoning
Neighborhood Business - Ideal for restaurant with potential for redevelopment.
Sufficient parking for medical conversion.
Parking
18 Spaces (7.01 Spaces per 1,000 SF Leased)
Frontage
100 FT on Merrick Road
Amenities
- Restaurant
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (80)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2489-66-004-00-0093-0 | Total Assessment | $4,440 |
| Land Assessment | $1,347 | Annual Taxes | $36,722 ($14.30/SF) |
| Improvements Assessment | $3,093 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2489-66-004-00-0093-0
Land Assessment
$1,347
Improvements Assessment
$3,093
Total Assessment
$4,440
Annual Taxes
$36,722 ($14.30/SF)
Tax Year
2024
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5422 Merrick Rd
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