1/23/2009

Long Island retail strip sold for $1.25 million

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A corner retail strip with 175 feet of retail frontage along a main Long Island roadway has sold for $1.25 million.

Massey Knakal Realty Services was the sole broker in the transaction. The buyer and seller were not identified.

The center at 2514-2520 Merrick Road in Bellmore, N.Y., includes a smoke shop, a Chinese restaurant and an Italian restaurant on the ground floors with 4 percent annual rent increases. There is one three-bedroom apartment located above the Italian restaurant.
The mixed-use property attracted more than 25 offers.

Address: 2514-2520 Merrick Rd., Bellmore, N.Y.

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Filed Under: Retail

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