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61-1/2 Glen St Glen Cove, NY 11542

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For Sale
$950,000

Fully rented commercial building in the heart of Glen Cove.

Property Features for 61-1/2 Glen St

General Information

Property type
Commercial
Standard status
Active

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Listing Contact
Anthony Zanni
Source: Elliman

Listing Agent: Anthony Zanni

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Glen Cove Commercial Building For Sale

This fully rented commercial building is located in Glen Cove. The property features a restaurant with 9 years remaining on the lease, with a 3% increase every July. The restaurant also covers any increases in taxes. There are also two fully rented apartments above the restaurant. The seller is responsible for taxes, 40% of the water bill (approximately $625 annually), and insurance (approximately $3,394.45). Tenants are responsible for heat, electric, and 60% of the water bill. Seller financing is available for 20 years with a 30-year amortization at an 8% rate, with a 10-20% down payment required. This property is a mixed-use building with a restaurant and apartment buildings.
Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Glen Cove
County
Nassau
State
New York
Longitude
-73.6288929
Latitude
40.8640021

FAQs

What type of property is this?
Mixed-use property - Fully rented commercial building in the heart of Glen Cove.
Where is this mixed-use property located?
The property is located at 61-1/2 Glen St Glen Cove, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: - Seller financing available for 20 years with 30-year amortization at 8% interest.; - Fully rented commercial building in Glen Cove.; - Restaurant tenant has 9 years remaining on lease with 3% annual rent increase.
More about this property
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