851 Merrick Rd
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851 Merrick Rd
9,140 SF Retail Building Baldwin, NY 11510 $2,650,000 ($290/SF)
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,140 SF
Building Class
B
Year Built
1956
Price
$2,650,000
Price Per SF
$290
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.62
Land Acres
0.34 AC
Zoning
Commercial
Parking
10 Spaces (1.09 Spaces per 1,000 SF Leased)
Frontage
102 FT on Merrick Rd
Amenities
- Corner Lot
Walk Score ®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 2089-54-102-00-0169-0 | Improvements Assessment | $4,541 |
| Land Assessment | $2,881 | Total Assessment | $7,422 |
PROPERTY TAXES
Parcel Number
2089-54-102-00-0169-0
Land Assessment
$2,881
Improvements Assessment
$4,541
Total Assessment
$7,422
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Roni Soleimani -
SP Capital Group LLC
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851 Merrick Rd
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