Glen Cove, NY 11542

Property

Ownership: For Sale
Type: Retail
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$799,000
Annual Taxes:$28,417
505 Park Ave, New York, NY 10022
Listing Courtesy of Douglas Elliman Real Estate

Fully leased two tenant commercial investment opportunity positioned at the visible corner of Landing Road and Miller Street in Glen Cove.

Description

Fully leased two-tenant commercial investment opportunity positioned at the visible corner of Landing Road and Miller Street in Glen Cove. Listed under 58 Landing Road for address/geocoding purposes, this offering includes both 58 & 60 Landing Road, sold together as one combined commercial investment property. Offered at $799,000, the property features approximately 6,112 total building sq. ft. per public records, including two established food/beverage tenants with approximately 3,680 sq. ft. of tenant/leasable area and a full basement/storage area with walk-in cooler. Owner-provided 2025 financials reflect $95,178.12 in gross rental income, $42,837.89 in operating expenses, and $52,340.23 in NOI, representing an approximate 6.55% cap rate at the asking price, subject to buyer verification. The property offers existing restaurant infrastructure, central air, forced air heat, public water/sewer, and current income with future upside potential. A strong fit for investors, 1031 exchange buyers, and local commercial owners seeking Long Island retail exposure. Please do not disturb tenants. Financials, leases, survey, and insurance information available upon request to qualified buyers.

Amenities

  • Corner Lot
  • Electricity Available
  • Level
  • Sewer Connected
  • Water Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.