3943 Merrick Road,Seaford, NY 11783
Seaford, NY 11783
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!!!)
Details
| MLS # | 967968 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 1928 |
| Days On Site | 169 |
| Listing Provided By | All Island Estates Realty Corp | Richard Matt Shane |
Features
| SQ Feet | 9,036 |
|---|---|
| Acreage | 0.23 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick, Frame |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Assessed Value | 5968 |
| Tax Annual Amount | 39884.7 |
Area Information
| State | NY |
|---|---|
| County | Nassau County |
| City | Seaford |
| Zip Code | 11783 |
| Listing VS Median (in 11783) | |
Price: $2,988,000 low | high Med: $799,000 sqft: 9,036 low | high Med: 1,926 $ / sqft: $331 low | high Med: $417 On site: 169 low | high Med: 41 | |
Market Activity 11783
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Learn More About This Property
| State | NY |
|---|---|
| County | Nassau County |
| City | Seaford |
| Zip Code | 11783 |
| Listing VS Median (in 11783) | |
Price: $2,988,000 low | high Med: $799,000 sqft: 9,036 low | high Med: 1,926 $ / sqft: $331 low | high Med: $417 On site: 169 low | high Med: 41 | |
