Discover a prime investment opportunity at 5651 5661 Merrick Rd.
| Website: | https://www.nestseekers.com/5421589 |
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| Address: | Oyster Bay, NY 11758 |
| Ownership: | For Sale |
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| Type: | Retail |
| Lot Size: | 0.3 Acres |
Financials
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
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6243 Northern Blvd
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| Listing Courtesy of Above Board Real Estate Inc | |