86 Covert Ave, Stewart Manor, NY 11530-3826
This exceptional owner-user opportunity presents a thriving convenience store located at 86 Covert Avenue in Stewart Manor, New York, 11530. Centrally situated on Covert Avenue, between Stewart Avenue and Tulip Avenue, this property benefits from high visibility and foot traffic. The building offers a substantial 1200 square feet of retail space on the first floor, perfectly suited for a variety of commercial uses. Adding to its appeal is a sizable 1200 square foot basement, offering significant storage capacity or potential for expansion. Currently, a portion of the basement (approximately 25%) is leased for storage, generating a consistent supplemental income stream. This adds to the overall investment value and provides a built-in return. The property's strategic location within Nassau County, New York, ensures easy access for customers and employees alike. The asking price for this turnkey operation is $565,000. This presents a rare chance to acquire a well-established business in a desirable location with significant growth potential. The property is zoned for retail use, making it an ideal investment for both established businesses and entrepreneurs looking to establish a presence in a thriving community.
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Magic Shoe Repair (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.