$1,400,000

777 W Merrick Road, Valley Stream, NY 11580

3,253 sqft

other
Built in 1938
4,121sqft lot
—— car garage
$430/sqft
Listed 14 days ago

Property Description

Premier Development Opportunity in Valley Stream’s Core Commercial District. This property represents an exceptional acquisition in one of Valley Stream’s highest-demand, highest-visibility business corridors. For the discerning developer, it offers a rare, turnkey opportunity to capture significant vertical expansion potential while benefiting from immediate, diversified cash flow. Preliminary architectural assessments confirm the feasibility of expanding the existing structure upward by up to three full stories. This transforms the asset from a single-story operation into a high-density, mixed-use development opportunity—substantially increasing both commercial and residential square footage in a market where demand consistently exceeds supply. The result is a strong pathway to maximize return on investment (ROI) through strategic redevelopment. The property already provides financial stability through multiple income streams. Currently, it includes two street-facing retail units and a well-maintained residential apartment. The print shop with the basement space lease expires at the end of December, giving you immediate leverage to renew at market rate or reserve the space for accelerated redevelopment staging. Additionally, the barbershop unit is currently vacant, offering either a quick-lease income opportunity or a ready staging area for construction mobilization. Completing the revenue profile is a dependable 2-bedroom, 2-bath residential unit with a fenced backyard—ensuring stable rental income as you advance your development plans.

Listing Status:: Active
Listing Office:: Coldwell Banker American Homes : 718-206-1340
MLS ID:: 941472

Basement: Unfinished
A/C: Multi UnitsWall/Window Unit(s)
Heating: Natural Gas

Parking: Parking spaces: 1

Originating MLS: onekey2
County: Nassau County

Zoning: C-22035-37-429-00-0281-0
Fencing: Back Yard

Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedTrash Collection PublicUnderground UtilitiesWater Connected
Water: Public
Sewer: Public Sewer

Source: onekey2

This listing courtesy of Coldwell Banker American Homes

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Valley Stream Memorial Junior High School

320 Fletcher Ave, Valley Stream, NY, 11580

Grades 7-9

1.24 miles away

Valley Stream Central High School

135 Fletcher Ave, Valley Stream, NY, 11580

Grades 10-12

1.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.