MLS#1062750
STATUSActive
PROPERTY TYPECommercial - Multiple
SCHOOLGarden City
Property Description
Prime Mixed-Use Investment Opportunity in a High-Traffic Commercial Corridor!Excellent opportunity to own a versatile mixed-use property in a thriving commercial district with strong foot traffic and established businesses. This unique property features a street-facing retail storefront, currently operating as a well-established laundromat, along with a separate 1-bedroom residential apartment in the rear, offering flexibility for investors and owner-users alike.Situated on a 20' x 81.3' lot (approximately 1,626 SF), the property offers approximately 1,200 SF of existing interior space, with potential for an additional 1,200 SF of vertical expansion, subject to zoning regulations and necessary approvals. Low annual property taxes of approximately $8,000 further enhance its investment appeal.Surrounded by a vibrant mix of businesses, the property enjoys excellent visibility and consistent commercial activity. The immediate block features fully occupied storefronts on both sides, reflecting a well-established and desirable business location. The current laundromat has been successfully operated for years, and the owner is now retiring, presenting an exciting opportunity for the next owner.With reported annual rental income exceeding $50,000 and an estimated return of over 6%, this property offers attractive income potential and long-term upside. Ideal for investors seeking steady cash flow or owner-operators looking to establish a business with an on-site residential component.Rare opportunity to acquire an income-producing mixed-use property in a prime commercial location. Don't miss it!
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: 1
Exterior: Brick
On Market Date: 2026-10-14
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
Local Schools
School District: Garden City
Listed By / Shown By
Listing By
Agency Name: Chase Global Realty Corp
Agency Contact: 718-355-8788
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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56 Covert Avenue | MLS# 1062750
This commercial property located at 56 Covert Avenue, Garden City, NY 11530 is currently listed for sale with an asking price of $650,000. Covert Avenue is located within the Garden City school district. Search Garden City real estate on www.coldwellbankerchoice.com today.