5422 Merrick Rd 2,568 SF Retail Building Massapequa, NY 11758 $1,715,040 CAD ($667.85 CAD/SF)
INVESTMENT HIGHLIGHTS
- 23,000 vehicles passing per day
- Long Standing Established Business
- Primary Road
- 18 Dedicated Parking Spaces
EXECUTIVE SUMMARY
This has been a long standing restaurant for approximately 40 years so it could be a restaurant or medical/retail conversion.
Taxes for both lots $36,733
Parking for 18 cars on-site
Party Room, Bar, and Restaurant
Taxes for both lots $36,733
Parking for 18 cars on-site
Party Room, Bar, and Restaurant
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$52,484
|
$20.44
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$52,484
|
$20.44
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,568 SF
Building Class
C
Year Built
1961
Price
$1,715,040 CAD
Price Per SF
$667.85 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.21 AC
Zoning
Neighborhood Business - Ideal for restaurant with potential for redevelopment.
Sufficient parking for medical conversion.
Parking
18 Spaces (7.01 Spaces per 1,000 SF Leased)
Frontage
100’ on Merrick Road
AMENITIES
- Restaurant
- Signage
- Air Conditioning
Walk Score®
Very Walkable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2489-66-004-00-0093-0 | Total Assessment | $6,408 CAD |
| Land Assessment | $1,944 CAD | Annual Taxes | $52,484 CAD ($20.44 CAD/SF) |
| Improvements Assessment | $4,464 CAD | Tax Year | 2024 |
