110 Covert AveStewart Manor, NY 11530

Property Details for 110 Covert Ave

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.09 AC

Property size (Sq ft)

884 SF

Property type

Banks

APN

33-272-00-0205

APU

33272000205

Description

This exceptional 2,600-square-foot retail space is ideally situated in Garden City, Nassau County, at 110 Covert Avenue. The single-tenant property boasts a prime corner location, offering excellent visibility and accessibility. Its former use as a Chase bank provides a strong foundation for a variety of retail, restaurant, or office uses. The building is situated on a 0.125-acre lot within a larger 5,000-acre parcel, and benefits from convenient access to municipal parking. The property features prominent signage opportunities, maximizing its marketing potential. The one-story building offers ample space for customization and tenant improvements. Annual property taxes are $14 per square foot. The property's location within the Garden City submarket and submarket cluster provides access to a thriving commercial district and a strong customer base. This is a rare opportunity to acquire a high-visibility retail space in a desirable location. The property is currently vacant, presenting a blank canvas for a new business venture. The address is 110 Covert Avenue, Garden City, NY 11530, with a cross street of Chester Avenue.

• CAP approach

  CAP return

  Valuation

  6%

  $214,843

  6.5%

  $198,316

  7%

  $184,151

• Comparable approach

  Method

  Valuation

  Relative Method

  $291,069

  Geo Method

  $291,069

• Alternative Use

  Use

  Valuation

  Residential

  $167,287

  Hospitality

  $153,234

  Educational

  $127,489

  Medical

  $131,874

  Retail

  $198,316

Location Insight

City

Stewart Manor

County

Nassau

State

New York

Latitude

40.7199

Longitude

-73.6885

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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