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58 Landing Rd
Glen Cove, NY 11542
Retail Property For Sale
Investment Highlights
- Fully leased two-tenant corner retail property
- Owner-provided 2025 NOI of approx. $52,340
- Visible corner location at Landing Road and Miller Street
- Offered at $799,000 with approx. 6.55% cap rate
- Two established food/beverage tenants in place
- Approx. 3,680 SF GLA plus basement/storage area with walk-in cooler
Executive Summary
Fully leased two-tenant corner retail investment opportunity 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 and positioned at the visible corner of Landing Road and Miller Street, the property includes two established food/beverage tenants in place: restaurant/bar use at 58 Landing Road and pizzeria use at 60 Landing Road. Owner-provided 2025 financials reflect approximately $95,178 in gross rental income, $52,340 NOI, and a 6.55% cap rate at the asking price, subject to buyer verification. The property includes existing restaurant infrastructure, approximately 3,680 SF of leasable area, and basement/storage support area with walk-in cooler. Financials, leases, survey, and additional information available upon request to qualified buyers. Please do not disturb tenants.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,680 SF
Building Class
C
Year Built
1917
Price
$799,000
Price Per SF
$217.12
Cap Rate
6.55%
NOI
$52,340
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.82
Lot Size
0.10 AC
Zoning
B1 Business - B-1 business zoning; current food/beverage retail use. Buyer to verify permitted uses.
Parking
2 Spaces (0.54 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
Property Taxes
| Parcel Number | 0600-31-018-00-0522-0 | Improvements Assessment | $3,106 |
| Land Assessment | $999 | Total Assessment | $4,105 |
Property Taxes
Parcel Number
0600-31-018-00-0522-0
Land Assessment
$999
Improvements Assessment
$3,106
Total Assessment
$4,105
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