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2 Mixed-Use Buildings in Glen Cove, NY

$3,999,000

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

Active
Last Updated: 08/28/2025

5.54

Cap Rate

221,417

NOI

Details:
Cap Rate:    5.54%
NOI:    $221,417
Building Size:    10,750 sqft
Lot Area:    4,400 sqft
Occupancy:    100%
Class:    A
Units:    10
Lease Type:    Modified Gross
Year Built:    1980
Price Per Sqft:    $372
Zoning:    Commercial
Tenancy:    Multiple
Floors:    2
Year Last Renovated:    2010
Gross Leaseable Area:    10,750
Investment Strategy:    Opportunistic
Highlights:
  • For Sale: (2) Mixed-Use Buildings in Glen Cove, NY
  • Signage on Building & Entrance
  • Located Between Two Signalized Intersections - Vehicle Counts: 16,773 Per Day
  • Nearby the Sea Cliff & Glen Street LIRR Stations
  • Roof on Building 2 is 20 Years Old, In Good Condition
  • Every Unit Has its Own Meter
  • Apartments have Baseboard Heating & Central Air Conditioning
  • Building 2 Has a Full Basement
  • Nearby Businesses Include: Land Rover Dealership, Volvo Dealership, Jaguar Dealership, Lexus Dealership, & Restaurants
Description:

American Investment Properties is retained to sell the property located at 72-74 Cedar Swamp Rd, in Glen Cove, NY. This mixeduse property contains 7 retail units and 3 residential units. The property, which was renovated in 2010, is in great condition and provides a lot of potential. Located on the busy Cedar Swamp Road between two signalized intersections, the property sees a traffic count of around 16,773 vehicles per day. In addition, there is signage at the entrance. This property is conveniently located between the Sea Cliff and Glen Street LIRR Stations which are both under a minute drive.

Map:
Documents:
Title
Glen_Cove__72-74_Cedar_Swamp_Rd__Offering_Memorandum_2.pdf
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Location
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