Property profile

81 Gln Cv Ave Glen Cove, NY 11542

OFF-MARKET
Auto shops
Property ID
US63-3454660
3,956 SF 0.5 ac lot Built 1918
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1918
Construction FRAME
Total area 3,956 SF
Lot 0.5 ac (21,911 SF)
APN 21-009-00-0308
UPID US63-3454660

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

81 Gln Cv Ave Glen Cove, NY 11542-2896
Glen Cove metro Census 517201 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.09M

Owner & transaction history

since 2025
Last sale
$1.7M
2 recorded transactions
2025
$1.7M
2020
$975,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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