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$ 690,000
Est. payment /mo
Active
56 Covert AVE Garden City, NY 11530
1,637 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 981189
Rental Info No
Year Built 1926
Annual Tax Amount $6,960
Lot Size 1,637 Sqft
Acres 0.0376
Property Sub-Type Mixed Use
Source onekey2
Property Description
Prime Mixed-Use Investment Opportunity in a Thriving Commercial Corridor
Unlock the potential of this exceptional mixed-use property, perfectly positioned in a vibrant, high-traffic commercial district where opportunity is always in motion. This versatile asset features a street-facing retail storefront paired with a comfortable 1-bedroom apartment in the rear—ideal for both investors and owner-operators alike.
Set on a 20' x 81.3' lot (1,626 sq ft total), this property offers an efficient layout with maximum income potential. Current 1,200 sqft interior space has potential vertical buildable space of another 1,200 sq ft. Even more attractive are the remarkably low annual property taxes of just $8,000, helping to optimize your return.
What truly sets this offering apart is its unbeatable location—this fully occupied block boasts zero vacant storefronts on either side, reflecting strong demand and a stable business environment. Currently operating as a laundromat, the property benefits from an established customer base, with the current owner retiring after years of successful operation.
With annual rental income exceeding $50,000 and a return of over 6%, this is a rare chance to secure a high-performing asset in a proven location. Whether you're looking to expand your portfolio or establish your own business while living on-site, this property delivers flexibility, stability, and upside potential.
A smart investment with strong cash flow and long-term value—opportunities like this don't last.
Unlock the potential of this exceptional mixed-use property, perfectly positioned in a vibrant, high-traffic commercial district where opportunity is always in motion. This versatile asset features a street-facing retail storefront paired with a comfortable 1-bedroom apartment in the rear—ideal for both investors and owner-operators alike.
Set on a 20' x 81.3' lot (1,626 sq ft total), this property offers an efficient layout with maximum income potential. Current 1,200 sqft interior space has potential vertical buildable space of another 1,200 sq ft. Even more attractive are the remarkably low annual property taxes of just $8,000, helping to optimize your return.
What truly sets this offering apart is its unbeatable location—this fully occupied block boasts zero vacant storefronts on either side, reflecting strong demand and a stable business environment. Currently operating as a laundromat, the property benefits from an established customer base, with the current owner retiring after years of successful operation.
With annual rental income exceeding $50,000 and a return of over 6%, this is a rare chance to secure a high-performing asset in a proven location. Whether you're looking to expand your portfolio or establish your own business while living on-site, this property delivers flexibility, stability, and upside potential.
A smart investment with strong cash flow and long-term value—opportunities like this don't last.
Location
State NY
County Nassau County
Interior
Heating Baseboard
Cooling Electric
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Available
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Chase Global Realty Corp • Wei Lin
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