2 Mixed-Use Buildings in Glen Cove, NY

$3,999,000

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

For Sale

Mixed Use Residential/Retail

Active

Last Updated: 09/04/2025

Details:

Cap Rate: 5.54%

NOI: $221,417

Building Size: 10,750 sqft

Lot Area: 25,488 sqft

Units: 10

Lease Type: Modified Gross

Class: A

Occupancy: 100%

Zoning: Commercial

Price Per Sqft: $372

Year Built: 1980

Tenancy: Multiple

Floors: 2

Parking Spots: 38

Year Last Renovated: 2010

Gross Leaseable Area: 10,750

Investment Strategy: Opportunistic

Offered by

Ron Koenigsberg

President & Senior Broker

American Investment Properties

#31K00933350

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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.