Property profile

86 Covert Ave Stewart Manor, NY 11530

OFF-MARKET
Retail space
Property ID
US63-3721430
1,200 SF 0.04 ac lot Built 1926
Trust Owned Free & Clear
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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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

86 Covert Ave Stewart Manor, NY 11530-3826
Stewart Manor metro Census 404700 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2026
4 recorded transactions
2026
Price N/A
2025
$475,000
2025
Price N/A
2017
Price N/A

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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