348 Merrick Road, Amityville

$1,580,000

0 Beds
0 Baths
.27 Acres
0 Garages

Calling All Investors, Developers, End-Users & Restauranteurs!!! 3,300 Sqft. Restaurant + 4 Br. Free Standing House For Sale!!! The Property Features Excellent Signage, Great Exposure, High 10' Ceilings, 86 Indoor Seats, 28 Parking Spaces, Strong Zoning, 2 Private Parking Lots, 2 Bars, 4 Strategically Placed Curb Cuts, All New LED Lighting, 2 Lots, CAC, +++!!! The Property Is Located In The Heart Of Amityville On Busy Corner Of Merrick Rd. & Bryan Ave. Directly Across From Stop & Shop!!! The Property Has Been Home To A Successful Sushi Restaurant For The Past 40+ Years!!! Neighbors Include Starbucks, Dodge-Jeep-Ram, Chase Bank, Volkswagen, Stop & Shop, Verizon, 7-Eleven, CVS, BP Gas, Sunoco, Costello's Ace Hardware, Rite Aid, Wendy's, +++!!! The Entire Property Can Be Delivered Vacant If Need Be!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!! Income: Restaurant (3,300 Sqft.): $78,000 Ann. Lease Exp. 3/1/2028; 7% Ann. Inc. 4 Br. Free Standing House (2,500 Sqft.): $36,000 Ann. M-M; Been Here 5 Years So Far. They Pay Their Own Utilities. Gross Income: $114,000 Ann. Expenses: Insurance: $2,803 Ann. Maintenance & Repairs: $250 Ann. Taxes: $37,852.14 Ann. Total Expenses: $40,905.14 Ann. Net Operating Income (NOI): $73,094.86 Ann.

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Essential Information
MLS® #3474413
Price$1,580,000
Bathrooms0.00
Acres0.27
Year Built1946
TypeCommercial Sale
Sub-TypeMixed Use
StatusActive
Community Information
Address348 Merrick Road
CityAmityville
CountySuffolk
StateNY
Zip Code11701
Interior
# of Stories2
Additional Information
Date ListedApril 28th, 2023
Days on Market354
ZoningRest Bldg
Listing Details
Listing Courtesy ofAll Island Estates Realty Corp
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Listing information last updated on April 16th, 2024 at 10:01am CDT.