5422 Merrick RdMassapequa, NY 11758

For Sale
$1,300,000

Established eatery, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a thriving, owner-occupied restaurant and property located at 5422 Merrick Road, Massapequa, NY 11758. The 2,568 square foot building, constructed in 1961, sits on a 10,000 square foot lot and boasts 18 dedicated parking spaces. Currently operating as a highly successful Italian restaurant, consistently ranked among Long Island's top ten for a decade, this single-unit property offers a turnkey operation with 100% occupancy. The asking price is $1,300,000, representing a compelling $506.23 per square foot and a 6.00% cap rate. The property features a modified lease type with no remaining term, reflecting owner-occupied status. Annual property taxes are $36,733. The versatile space presents potential for conversion to medical use. This is a rare chance to acquire a well-established business with significant upside potential in a desirable Nassau County location. The property's strong history, prime location, and ample parking make it an attractive investment for both seasoned restaurateurs and those seeking a diverse portfolio addition. The existing restaurant offers a diverse menu, including gluten-free options, and caters to special events.

Highlights

  • Thriving, owner-occupied Italian restaurant in Massapequa, NY.
  • 2,568 SF building on a 10,000 SF lot with 18 parking spaces.
  • $1,300,000 asking price, representing a $506.23/SF price and a 6.00% cap rate.
  • Top-ten-rated Long Island restaurant for 10 years, offering a turnkey operation with 100% occupancy.
  • Annual property taxes are $36,733; potential for medical conversion.

Property Details for 5422 Merrick Rd

Property type
Other retail properties, Individual retail properties
Square Feet
2,568 SF
Year Built
1961
Buildings
1
Stories
1
Units
1

Location Insight

City
Massapequa
County
Nassau
State
New York
Latitude
40.668309175893
Longitude
-73.436770876204
5422 Merrick Rd, Massapequa, New York

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5422 Merrick Rd
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