This North Shore retail property at 36 & 38 Glen Cove Road offers a well-located investment opportunity just one block north of Northern Boulevard in Greenvale, NY. The asset consists of approximately 9,197 SF of street-level retail space plus a 1,000 SF basement on a 25,050 SF parcel, complemented by 30 on-site parking spaces and additional street parking. Within the last 3 years: New Roof, New Paving, New HVAC
The property is currently anchored by Mattress Firm and supported by Pacific Street Pizza and Off Nate Barbershop, with a projected second-floor tenant for additional income. Existing leases feature scheduled rent increases that support steady income growth. Current projections estimate a Net Operating Income of approximately $399,400 in 2026, rising to $429,799 in 2027.
Located in a high-traffic corridor with over 37,000 vehicles passing daily, the property benefits from exceptional visibility and accessibility. With a surrounding population of more than 223,000 within five miles and household incomes exceeding $150,000, this trade area supports strong tenant performance and long-term stability.