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989 Jerusalem AVE Merrick, NY 11566
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 3220393
Sold Date 04/28/21
Originating Board onekey
Rental Info No
Year Built 1953
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 40x81
Property Description
Incredible investment or owner-user opportunity with a projected 9.3% Cap Rate right on busy Jerusalem Ave. Property is located 1/10th of a mile to Southern State, and right between heavily-traveled Merrick Ave, Bellmore Ave. and Route 106. Building has a rich history as a music school and music studio, and currently set up as two office spaces in the front (but can be used for retail) and a large one bedroom apartment in the rear. Commercial portion features full bathroom (with shower) and a very large basement space. Residential portion features large living area, eat-in-kitchen, and a sun-drenched bonus room that leads to a private outdoor patio. Expected rent of $3,000 for commercial portion and $1,800 for residential portion. Manageable size provides easy maintenance and upkeep. Updated in 2019. Visit property site for video tour, virtual tour, and more details. A hidden gem in Merrick.
Location
State NY
County Nassau
Zoning Mixed-Use
Interior
Heating Electric, Natural Gas, Other, Baseboard
Fireplace N
Building
Sewer Sewer
Others
Special Listing Condition None
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Bought with Bird & Swing LLC