For Sale: Retail Strip in Baldwin, NY

851-861 Merrick Rd, Baldwin, New York 11510

Executive Summary:

Price:	$1,999,000
Building Size:	18,280 SF
Property Type:	Retail
Lot Size:	0.34 Acres
Year Built:	1956
Cap Rate:	8.47%
NOI:	$169,254
Location:	851-861 Merrick Rd Baldwin, NY 11510

Investment Highlights

5 Unit Retail Strip in Baldwin
Great Lease-Up Opportunity
On-Site Parking in the Back
102′ Frontage on Merrick Rd
High Traffic Counts: 23,728 VPD
Surrounded by Various Other Retail Stores
Tenants Reimburse for Taxes & Responsible For Other Expenses

Investment Summary

American Investment Properties is exclusively retained to sell 851-861 Merrick Rd in Baldwin, New York. At this location is a 70% leased retail storefront property. The property has a 1,400 SF retail vacancy and potential rent opportunity of the 4,000 SF basement.

Tenants reimburse of real estate taxes over specified base years and are responsible for other expenses.

This property boasts traffic counts of 23,700 vehicles per day, over 100 feet of frontage on Merrick Rd, and on-site parking behind the building. Please review more information and call 516-393-2300 with any other questions.

About Baldwin, NY

Baldwin is a hamlet in Nassau County located in the township of Hempstead, on Long Island New York.

According to Money Magazine 2007, Baldwin is ranked as the 25th best place to live in the United States.

The hamlet has 50% of it people over 16 years of age who commute to work an average of 32 minuets. About 14.4% of residents in Baldwin take advantage of public transportation trying to avoid dependency on cars.

Baldwin Harbor Park is a popular park in the area offering athletic fields, a playground, bike paths, a roller rink and skate park. It provides enjoyment to children who play in its safe environment.

The Baldwin Union Free School District has a total of 7 elementary schools, just 1 middle and a high school. The elementary schools contain grades K-5. The middle school contains grades 6-8.