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72-74 Cedar Swamp Rd
Glen Cove, NY 11542
Retail Property For Sale
Investment Highlights
- For Sale: (2) Mixed-Use Buildings in Glen Cove, NY
- Located Between Two Signalized Intersections - Vehicle Counts: 16,773 Per Day
- Roof on Building 2 is 20 Years Old, In Good Condition
- Signage on Building & Entrance
- Nearby the Sea Cliff & Glen Street LIRR Stations
- Every Unit Has its Own Meter
Executive Summary
American Investment Properties is retained to sell the property located at 72-74 Cedar Swamp Rd, in Glen Cove, NY. This mixed-use 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,750 SF
Building Class
A
Year Built/Renovated
1980/2010
Price
$5,469,992 CAD
Price Per SF
$508.84 CAD
Cap Rate
4.41%
NOI
$241,463 CAD
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.43
Lot Size
0.58 AC
Zoning
Commercial
Parking
38 Spaces (3.53 Spaces per 1,000 SF Leased)
Frontage
10’ on Cedar Swamp Rd
Amenities
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 0600-21-S-00-0009-K | Improvements Assessment | $76 CAD |
| Land Assessment | $360 CAD | Total Assessment | $436 CAD |
Property Taxes
Parcel Number
0600-21-S-00-0009-K
Land Assessment
$360 CAD
Improvements Assessment
$76 CAD
Total Assessment
$436 CAD
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