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27826435
27826436

100 Merrick Road, Hempstead, NY 11570

E Realty International Corp
Listed by E Realty International Corp
$126,000
224 days on market
Updated 223 days ago

100 Merrick Road

Details
Property Type Business for Sale, Retail
Sub Type Business Only, Restaurant (+1)
NOI $124,480
Year Built 1963

Business for Sale

Marketing description

A full-service café ideally located within two six-story office buildings (East and West), serving nearly 4,000 offices in the surrounding area, as well as local residents. The spacious café offers plenty of seating, a private parking area, and an on-site ATM. Conveniently just a short drive from the Southern State Parkway. This is an easy-to-manage business with a strong client base. The café has been successfully operated for 7 years and still has 3 years remaining on the lease. Rent is extremely favorable at only $1,500 per month, with utilities averaging $250 for electricity and about $250 for miscellaneous expenses. Currently, the café operates weekdays from 7:30 AM to 3:00 PM, leaving significant potential for growth. Business hours are permitted until 10:00 PM daily, offering an excellent opportunity to expand into evening service.
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Listing Contacts

E Realty International Corp
Listed by E Realty International Corp

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$124,480.00
$10,373.33/mo

Valuation Metrics

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DSCR
98.79%
Cap Rate
98.79%
ROI

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