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    OFF-MARKET
    Retail space

    86 Covert Ave, Stewart Manor, NY 11530-3826

    1,200 SF 0.04 ac lot Built 1926
    Trust Owned Free & Clear
    Property ID
    US63-3721430
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1926
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 1,200 SF
    Lot 0.04 ac (1,600 SF)
    APN 33-271-00-0017
    UPID US63-3721430
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Magic Shoe Repair (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Nicholas Sarantakos Living Trust
    Nicholas Sarantakos Living Trust
    since 2026
    4 recorded transactions
    2026
    2025
    $475,000
    2025
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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