Oyster Bay, NY 11758

Property

Ownership: For Sale
Type: Retail
Lot Size: 0.3 Acres

Financials

Price:$1,499,000
Annual Taxes:$41,615
6243 Northern Blvd
Phone:
Listing Courtesy of Above Board Real Estate Inc

Discover a prime investment opportunity at 5651 5661 Merrick Rd.

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!

Amenities

  • Accessible Entrance
  • Back Yard
  • Cable - Available
  • Cleared
  • Corner Lot
  • Cul-De-Sac
  • Electricity Connected
  • Irregular Lot
  • Level
  • Other
  • Overhead Door(s)
  • Phone Available
  • Private
  • Sewer Connected
  • Signage Included
  • Storage
  • Trash Collection Private
  • Water Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.