Project Description

For Sale: Mixed-Use Building in Glen Cove, NY

72-74 Cedar Swamp Rd, Glen Cove, NY,  11542

Sale Summary:

Price: $4,500,000
Building Size: 10,028 SF
Price Per SF $448.7
Property Type: Mixed-Use
Lot Size: 25,700 SF
Year Built: 2008
Projected Cap Rate: 4.76%
Location:
72-74 Cedar Swamp Rd
Glen Cove, NY 11542

Property Highlights

  • Signage on Building & Entrance
  • Vehicle Counts: 20,000 Per Day
  • Located Between Two Signalized Intersections
  • Near Sea Cliff & Glen Street LIRR Train Stations
  • Nearby Businesses: Land Rover Dealership, Volvo Dealership, Jaguar Dealership,Lexus Dealership, American Restaurant, Mexican Restaurants, Thai Restaurant, Gym, And More.

American Investment Properties is exclusively retained to sell 72-74 Cedar Swamp Rd, in Glen Cove, NY. This mixed-use property contains 6 retail units and 3 residential units.

This property is ideal for an end user. There is 2-3K SF of warehouse space perfect for industrial use. Also, there is 1,500 SF of retail/office space, a great fit for medical or professional use such as a lawyers or brokers.

72-74 Cedar Swamp Rd is also great for the savvy investor. Built in 2008, the property is in immaculate condition and provides a lot of potential.

Location Overview

Glen Cove is a city located in Nassau County, on the North Shore of Long Island, New York. It is surrounded by the Town of Oyster Bay. The city has over ten miles of waterfront including: three public beaches, two nature preserves, a public golf course, and a public park.

As of 2010 census, there were 26,964 people, 9,764 households, and 6,579 families residing in the area. The median income for a household in the city was $69,093, and the median income for a family was$77,813. Elevation is 23 feet.

Contact Broker

Portrait Image of Lyle Alper, Associate at American Investment PropertiesLyle Alper
Associate
Lyle@aiprops.com
(O) 516.393.2300 x208
(F) 516.390.5780

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300 x202
(F) 516.390.5780

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