19 Grove St
Glen Cove, NY 11542
Multifamily Redevelopment Site · Retail Property For Sale

Cushman & Wakefield has been retained on an exclusive basis for the sale of 19 Grove Street in Glen Cove, Long Island. 19 Grove Street is an approximately 15,540 square foot lot currently improved with an approximately 3,212 square foot building. The property has approved renovation plans for a three-unit neighborhood shopping center consisting of an approximately 2,500 square foot restaurant/cafe, 1,200 square foot electrical office, and ~1,000 square foot convenience store. The restaurant would have access to the partial basement of approximately 1,606 square feet for a gross building square footage of approximately 4,818 square feet. The property lies in the B-2 Peripheral zoning district of the City of Glen Cove which has been recently amended to allow for increased density for multifamily development. This site allows up to 75% lot coverage and 3.5 stories. A conceptual site plan has been drawn up by ownership for a 12-unit multifamily building with surface parking, subject to zoning amendment / city approval. This site has the potential for additional units with the addition of underground parking. This area is experiencing an increasing demand for new-construction residential space. Nearby developments include the Avalon at Glen Cove is located up the road on Route 107, and a 56-acre mega-development is planned Garvies Point for 167 LEED-certified condominiums, and 200 Carney Street a new-construction 50-unit apartment building. Property inspections are by appointment only, please inquire within.