5651-5661 Merrick Road,Massapequa, NY 11758
Massapequa, NY 11758
Description
Discover a prime investment opportunity at 5651-5661 Merrick Rd. This income-producing property boasts four diverse units: an established auto repair shop, a commercial lot & outdoor storage space, a residential home consisting of 2 units & full finished basement, and professional office/retail space, all situated in a high-traffic area that ensures consistent visibility and accessibility. The residential component of this property features a one-bedroom apartment leased at $1,200 per month and a two-bedroom apartment renting for $1,300 per month. In addition to residential income, the professional office space is currently generating $900 per month. The auto repair space contributes an impressive projected rental income of $10,000 per month, providing a substantial cash flow and enhancing the property's overall profitability. Strategically located on high-traffic Merrick Rd, this property offers unique access to a dead-end side street from the rear, making it convenient for both clientele and delivery services. The auto repair shop stands out with its brand-new recycled oil heating system, ensuring energy efficiency and sustainability. It is equipped with two 10-foot overhead doors and four drive-on alignment lifts, catering to a high volume of repairs and inspections. This shop also holds a New York State inspection license, attracting even more customers. Combined, these factors make 5651-5661 Merrick Rd an exceptional investment for those seeking diverse income streams in a prime location. Don’t miss out on the opportunity to own this lucrative property with outstanding potential for growth and success!
Details
| MLS # | 987265 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Building Name | 5661 |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 130 |
| Listing Provided By | Above Board Real Estate Inc | Rosemarie Bozza RENE |
Features
| SQ Feet | 6,000 |
|---|---|
| Basement | Y |
| Units | 4 |
| Building(s) | 2 |
| Acreage | 0.29 |
Interior
| Cooling | None |
|---|---|
| Heating | Hot Air, Natural Gas, Oil |
Exterior
| Construction Materials | Block, Brick, Frame |
|---|---|
| Lot Features | Back Yard, Cleared, Corner Lot, Cul-De-Sac, Irregular Lot, Level, Other, Private, See Remarks |
Parking
| Parking Features | Alley Access, Driveway, Garage, Heated Garage, Off Street, On Street, Parking Lot, Private, Open, Storage |
|---|
Utilities
| Utilities | Cable Available, Electricity Connected, Phone Available, Sewer Connected, Trash Collection Private, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Assessed Value | 972 |
| Tax Annual Amount | 41615 |
| Tax Lot | 114, 119 |
Area Information
| State | NY |
|---|---|
| County | Nassau County |
| City | Massapequa |
| Zip Code | 11758 |
| Listing VS Median (in 11758) | |
Price: $1,399,500 low | high Med: $799,999 sqft: 6,000 low | high Med: 1,885 $ / sqft: $233 low | high Med: $433 On site: 130 low | high Med: 50.5 | |
Market Activity 11758
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Learn More About This Property
| State | NY |
|---|---|
| County | Nassau County |
| City | Massapequa |
| Zip Code | 11758 |
| Listing VS Median (in 11758) | |
Price: $1,399,500 low | high Med: $799,999 sqft: 6,000 low | high Med: 1,885 $ / sqft: $233 low | high Med: $433 On site: 130 low | high Med: 50.5 | |