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Listed price in listed location currency (USD).
$690,000

000

MLS® 981189

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes $6,960
Days Active 9
Lot Size 
Approx. Age 1926
MLS® Number 981189

Property Address: 56 Covert Ave, Garden City, NY, 11530-3826

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number981189
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1926
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 7, 2026List Date
$690,000List Price
  • Commute

Commute

Starting Address
Destination Address
56 Covert Ave, Garden City, NY

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