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.
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