54 Covert Ave - Storefront FOR SALE


Garden City, NY 11530
$768,000 USD
516-703-2300
54 Covert Ave, Garden City, NY for Sale
$768,000 USD
Storefront - FOR SALE
1/2
null | Request Cap Rate

54 Covert Ave
Garden City, NY 11530


OVERVIEW

Berkshire Hathaway Commercial Services is proud to represent 54 Covert Avenue in Stewart Manor. This is a 1,350 SF property currently occupied by Payless Carpet and Tile, a long-standing tenant that has successfully operated at the location for over 20 years. The tenant is willing to remain in place with a new five-year lease at $4,000 per month plus all utilities, providing immediate and stable income for an incoming owner or investor. Alternatively, the property can be delivered vacant for an owner opoortunity. The building benefits from free rear parking and convenient metered street parking in the front, offering excellent accessibility for customers and deliveries. Recent capital improvements include the installation of a new hot water heater in February 2026. The property is strategically positioned within close proximity to several major roadways, located approximately 0.6 miles south of Jericho Turnpike, 0.20 miles south of Stewart Avenue, and 0.25 miles north of Tulip Avenue, making it highly accessible from surrounding neighborhoods and commercial corridors. The surrounding area continues to experience growth, with a new residential development consisting of 12 apartment units currently under construction directly across the street. Additionally, Sewanhaka High School is located just one block south, generating consistent daily foot and vehicle traffic. This property presents a strong opportunity to acquire a well-located commercial asset with an established tenant and new lease terms in a growing community.

FOR SALE DETAILS

PRICE

$768,000 USD

PRICE/SF

$569 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

-

APN/PARCEL ID

2033-33-271-00-0137-0

ASK ABOUT THIS PROPERTY

Ryan GoldsmithBerkshire Hathaway Laffey International RealtyMore Info
516-703-2300

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Ryan GoldsmithBerkshire Hathaway Laffey International RealtyMore Info
516-703-2300

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