Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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