Project Description

For Sale: Retail Storefront in Massapequa, NY

4205 Merrick Road, Massapequa, NY 11758

Executive Summary:

Price: $699,999
Building Size: 3,300 SF
Property Type: Retail
Lot Size: 4,311 SF
Year Renovated: 2019
Cap Rate: 8.10%
NOI: $56,665
Location: 4205 Merrick Road, Massapequa NY 11758

Investment Summary

  • Tenant is Successful Dance School Over 15 Years in Business
  • Over 37,000+ Vehicles Per Day Traffic Count
  • Ample Parking & Near Highways, Buses, & Train Station
  • Recently Renovated Electrical, Plumbing, HVAC and Interior
  • Tenant Responsible For Taxes Over 2018/19 Year

Investment Details

American Investment Properties is exclusively retained to sell 4205 Merrick Rd in Massapequa, New York. At this location is a successful dance academy that has been in business for over 15 years. The has received a new build-out with updated electrical, plumbing, HVAC, and interior features.

The dance school tenant is responsible for real estate taxes over the 2018/19 year, has yearly rent increases, and one 5-year option to extend their lease.

This location is a strong location for many reasons. The property sits on the busy roadway which has over 37,000 vehicles driving per day and near a signalized intersection. Additionally it shares a large parking lot with the ‘Ultra Lanes’ bowling alley, bagel shop, and other retail. It’s near convenient highways, buses, and train station.

About Massapequa Park

Massapequa Park is an incorporated village located in Nassau County, on the South Shore of Long Island, New York. It is in the south part of the Town of Oyster Bay. Massapequa Park is on Great South Bay and Bar Harbor.

Massapequa Park offers the best international cuisine, elegant cafes, and shopping centers which make it a great place to live. The hamlet has also a picturesque business district along Park Boulevard, lined with local merchants’ shops. Other commercial areas can be found along Sunrise Highway and Merrick Road. There are three village parks in town such as Colleran Park on the water, Mansfield Park in the northern section with athletic fields and Brady Park at Lake Shore Drive and Front Street, with athletic fields, tennis courts, a playground and picnic areas overlooking the adjoining Massapequa State Park Preserve.

The Long Island Rail Road fuelled Massapequa Park’s growth in the 19th and early 20th centuries, much along the lines of all Long Island. The three Irish-Americans namely Michael J. Brady, Frank Cryan, and Peter Colleran described their project as having a bit of Old Erin and the area still has its mostly Irish street names.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300 x202
(F) 516.390.5780

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