PeterStuart
MLS#997737
STATUSActive
PROPERTY TYPECommercial - Retail
SCHOOLGlen Cove
Property Description
Fully leased two-tenant commercial investment opportunity positioned at the visible corner of Landing Road and Miller Street 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, the property features approximately 6,112 total building sq. ft. per public records, including two established food/beverage tenants with approximately 3,680 sq. ft. of tenant/leasable area and a full basement/storage area with walk-in cooler. Owner-provided 2025 financials reflect $95,178.12 in gross rental income, $42,837.89 in operating expenses, and $52,340.23 in NOI, representing an approximate 6.55% cap rate at the asking price, subject to buyer verification. The property offers existing restaurant infrastructure, central air, forced air heat, public water/sewer, and current income with future upside potential. A strong fit for investors, 1031 exchange buyers, and local commercial owners seeking Long Island retail exposure. Please do not disturb tenants. Financials, leases, survey, and insurance information available upon request to qualified buyers.
Property Features
Property Type: Commercial - Retail
Basement: Full, Storage Space, Walk-Out Access
Basement: Yes
Cooling: Central Air
Heating: Forced Air
Lot Size: 0.10 Acres
Stories: 1.0
Taxes: $28,417
Year Built: 1917
Feature Descriptions
Building Area Total: 6112
Business Type: Pizza, Restaurant
Cap Rate: 6
Common Walls: 1 Common Wall
Days on Site: 1
Exclusions: Tenant-owned business assets, inventory, personal property, trade fixtures, equipment, signage, and FF&E unless expressly included
Exterior: Block, Brick, Frame, Stone, Stucco
House Faces: South
Inclusions: Land and building subject to existing leases
Leasable Area: 3680
Lot Features: Corner Lot, Level
On Market Date: 2026-05-13
Parcel Number: 0600-31-018-00-0522-0
Parking Features: On Street
Parking Total: 2
Property Attached Y/N: 1
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Sewer: Public Sewer
Units: 2
Utilities: Electricity Available, Sewer Connected, Water Connected
Water: Public
Local Schools
School District: Glen Cove
Listed By / Shown By
Listing By
Agency Name: Douglas Elliman Real Estate
Agency Contact: 917-440-5635
Shown By
Agent Name: Peter Stuart
Agent Phone: Cell: (516) 967-3705
Agency Title: Coldwell Banker American Homes
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58 Landing Road | MLS# 997737
This commercial property located at 58 Landing Road, Glen Cove, NY 11542 is currently listed for sale with an asking price of $799,000. Landing Road is located within the Glen Cove school district. Search Glen Cove real estate on pstuart.cbamhomes.com today.