81 Gln Cv Ave, Glen Cove, NY 11542-2896
This exceptional investment opportunity presents a well-established, 100% occupied auto shop at 81 Glen Cove Avenue, Glen Cove, NY 11542. The property, a Class B building constructed in 1908 and renovated in 2001, boasts a desirable location directly off Route 107, providing excellent visibility and convenient access to Route 495. The 0.51-acre lot includes a two-story, 1-building structure with high ceilings and features a spray booth, sewer connection, and tow license. The current owner-user operation has enjoyed over 30 years of success and upward trending sales, making this an attractive proposition for both investors and end-users. The property's strategic location within Glen Cove, a city with six existing auto dealerships, further enhances its potential. The existing building sits on a substantial lot with additional wooded land behind the shop, offering potential for future development and expansion. This turnkey operation is offered at $2,950,000 and presents a rare chance to acquire a superior location with steadily increasing returns in a thriving market. The property is zoned for retail use and is an essential business.
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Ultimate Auto Body Ltd Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.