± 28,200 SF Commercial Building on ± 1.88 Acres - Under Contract

• 7.15% cap rate • Located in a Opportunity Zone           • 91 on-site parking spaces • Directly in front of the Glen Street LIRR

Overview


    Location

    4 Cedar Swamp Road, Glen Cove, NY 11542

    Goldenwood Property Advisors is pleased to announce that we have been exclusively retained by ownership to arrange for the marketing and sale of 4 Cedar Swamp Road, Glen Cove, NY 11542 (the “Property”). The Property is located on the westerly side of Cedar Swamp Road and is bound by the Glen Street Long Island Railroad station. 4 Cedar Swamp presents a unique opportunity to purchase a building that caters to the fitness needs of an affluent population in one of Long Island’s best cities. The Property is currently 92% occupied, by national gym chain “Retro Fitness” and “Island Sports”. 4 Cedar Swamp Road is also in close proximity to RXR’s $1 billion Garvies Point mixed use development 53- acre project on the waterfront. The Property is well located, along bus routes, and directly in front of the Glen Street LIRR stop which is 70 minutes from Midtown Manhattan.

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