36-38 Glen Cove Rd - Freestanding FOR SALE


Greenvale, NY 11548
$8,000,000 USD
631-876-1000
36-38 Glen Cove Rd, Greenvale, NY for Sale
$8,000,000 USD
Freestanding - FOR SALE
1/2
null | 4.99% Cap Rate

36-38 Glen Cove Rd
Greenvale, NY 11548


HIGHLIGHTS

  • Traffic counts exceeding 37,000 vehicles per day, ensuring consistent visibility.
  • Projected NOI growth from $399,400 in 2026 to $429,799 in 2027 due to existing rent escalations.
  • On-site parking for 30 vehicles plus adjacent street parking, enhancing tenant and customer convenience.
  • Within the last 3 years: New Roof, New Paving, New HVAC

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$870 USD /SF

CAP RATE

4.99%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

25,981 SF

ZONING

Business B

APN/PARCEL ID

2289-20-035-00-0025-0,2289-20-035-00-0127-0,2289-20-035-00-0129-0

ASK ABOUT THIS PROPERTY

Jordan ArnoldArnold Real Estate Inc.More Info
631-876-1000

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Jordan ArnoldArnold Real Estate Inc.More Info
631-876-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.