Listed by Douglas Elliman Real Estate
$799,000
58-60 Landing Road
Details
APN 0600-31-018-00-0522-0
Property Type Retail
Sub Type Storefront, Restaurant
Units 2
Cap Rate 6.00%
NOI $52,340
Year Built 1917
Buildings 2
Acreage 0.103
Zoning B-1
Parking Spaces spaces
Retail | 6.00% CAP
Marketing description
Fully leased two-tenant commercial investment opportunity positioned at the visible corner of Landing Road and Miller Street in Glen Cove. Listed under 58 Landing Road for address/geocoding purposes, this offering includes both 58 & 60 Landing Road, sold together as one combined commercial investment property. Offered at $799,000, the property features approximately 6,112 total building sq. ft. per public records, including two established food/beverage tenants with approximately 3,680 sq. ft. of tenant/leasable area and a full basement/storage area with walk-in cooler. Owner-provided 2025 financials reflect $95,178.12 in gross rental income, $42,837.89 in operating expenses, and $52,340.23 in NOI, representing an approximate 6.55% cap rate at the asking price, subject to buyer verification. The property offers existing restaurant infrastructure, central air, forced air heat, public water/sewer, and current income with future upside potential. A strong fit for investors, 1031 exchange buyers, and local commercial owners seeking Long Island retail exposure. Please do not disturb tenants. Financials, leases, survey, and insurance information available upon request to qualified buyers.
Listing Contacts
Listed by Douglas Elliman Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$52,340.00
$4,361.67/mo
Valuation Metrics
0
DSCR
6.55%
Cap Rate
6.55%
ROI
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