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174 Merrick Rd
Lynbrook, NY 11563

$705,000 USD

Storefront Retail Residential Condo For Sale  •  1,700 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 6,410 SF
  • Lot Size 0.5 AC
  • Building Class C
  • Year Built 1930
  • Tenancy Multiple
60 Transit Score
80 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 174 Flex 1,700 SF $705,000 USD
  • Unit Size: 1,700 SF
  • Condo Use: Flex
  • Price: $705,000 USD
  • Sale Type: Investment
  • Price/SF: $414.71 USD
Description
Asking 729,999

The property consists of 1 credit retail tenant (Allstate Insurance) in the front paying $2678 per month with 3 year lease with increases and a renewal option remaining (newly renovated).

+ a vacant flex space in the back newly renovated that can be used/rented out as an apartment/office and a large newly renovated patio.

There is a also a shed and a shared driveway that comes with the property.

Approximately 1700 +/- sq ft which includes the front retail space the back flex office/apartment space and the backyard patio not including shared driveway in measurements.

Highlights

busy street

Major Tenants

Tenant SF Occupied Lease End Date
Jacob Joseph Salon
Phoenix Medical Equipment

Public Transportation

Commuter RailDriveWalkDistance
Lynbrook Station (Babylon Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road) 1 min 12 min 0.6 mi
Centre Avenue Station (Long Beach Branch - Long Island Rail Road) 3 min 15 min 0.8 mi
AirportDriveWalkDistance
John F Kennedy International 15 min - 9.0 mi
LaGuardia 25 min - 16.0 mi
Newark Liberty International 52 min - 35.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: Surface
Included in Rent: Yes
Marc Jeret 631-839-3748 M&J Partners Realty, LLC
Marc Jeret 631-839-3748 M&J Partners Realty, LLC