MLS#981189
STATUSActive
PROPERTY TYPECommercial - Multiple
Property Description
Prime Mixed-Use Investment Opportunity in a Thriving Commercial CorridorUnlock 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.
Property Features
Property Type: Commercial - Multiple
Cooling: Electric
Heating: Baseboard
Lot Size: 0.04 Acres
Stories: 1.0
Taxes: $6,960
Year Built: 1926
Feature Descriptions
Building Area Total: 1200
Business Type: Dry Cleaner
Days on Site: 2
Exterior: Brick
On Market Date: 2026-04-07
Parcel Number: 2033-33-271-00-0002-0
Property Attached Y/N: 1
Rental Term: Monthly
Road Responsibility: Private Maintained Road
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Available
Water: Public
Listed By / Shown By
Listing By
Agency Name: Chase Global Realty Corp
Agency Contact: 718-355-8788
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
56 Covert Avenue | MLS# 981189
This commercial property located at 56 Covert Avenue , Garden City, NY 11530 is currently listed for sale with an asking price of $690,000. Search Garden City real estate on www.realtymark.net today.