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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32634111
32634058

58-60 Landing Road, Glen Cove, NY 11542

NM
NY 516.621.3555
Douglas Elliman Real Estate Roslyn
Douglas Elliman Real Estate
Listed by Douglas Elliman Real Estate Roslyn, Douglas Elliman Real Estate
$799,000
22 days on market
Updated 22 days ago

58-60 Landing Road

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 3,680
Units 2
Cap Rate 6.55%
NOI $52,340
Occupancy 100%
Tenancy Multi
Lease Type Modified
Rent Bumps Yes
Lease Options See lease details; leases available upon request.
Price per SqFt $217
Class B
Year Built 1917
Acreage 0.100
Zoning B-1
Parking Spaces 2 spaces
Parking Per SqFt 0.54
Investment Type Stabilized
Tenant Credit No Credit Rating
Ground Lease No
Sale Condition N/A

Fully Leased Corner Retail | $799K | 6.55% Cap

Marketing description

58–60 Landing Road presents a fully leased two-tenant retail investment opportunity positioned at the visible corner of Landing Road and Miller Street in Glen Cove. Offered at $799,000, the property features two established food/beverage tenants, including pizzeria and restaurant/bar uses, with current income in place and existing restaurant infrastructure. Owner-provided 2025 financials reflect approximately $95,178 in gross rental income, $42,838 in operating expenses, and $52,340 in NOI, representing an approximate 6.55% cap rate at the asking price, subject to buyer verification. The property includes approximately 3,680 SF of GLA, plus a basement/storage support area with walk-in cooler. A strong fit for investors, 1031 exchange buyers, local commercial owners, or buyers seeking Long Island retail exposure with current income and future upside. Financials, leases, survey, and additional information available upon request to qualified buyers. Please do not disturb tenants.

Investment highlights

• 100% leased two-tenant corner retail property

• Offered at $799,000 with approx. 6.55% cap rate

• Owner-provided 2025 NOI of approx. $52,340

• Two established food/beverage tenants in place

• Visible corner location at Landing Road and Miller Street

• Approx. 3,680 SF GLA with basement/storage support area and walk-in cooler

Listing Contacts

NM
NY 516.621.3555
Douglas Elliman Real Estate Roslyn
Douglas Elliman Real Estate
Listed by Douglas Elliman Real Estate Roslyn, Douglas Elliman Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$52,340.23
$4,361.69/mo

Valuation Metrics

0
DSCR
6.55%
Cap Rate
6.55%
ROI

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Additional Information

Name
Nikoletta Markou
License
516.621.3555
Brokerage
Douglas Elliman
Brokerage Phone
516.621.3555
Brokerage Address
1528 Old Northern Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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