150 Forest Ave
Glen Cove, NY 11542

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale or net lease of 150 Forest Avenue in Glen Cove, NY. 150 Forest Avenue is an existing ~11,505 square foot lot currently improved by a 9,951 square foot two-story office building and has significant commercial redevelopment potential. The ownership has secured Approved Plans and all building permits to renovate the existing structure. The plans allow for ~9,945 square feet of office space on two floors, plus a full ~4,572 square foot basement and ~ 807 square foot support basement, as well as an ~4,000 square foot attic. All are accessible via stairways and include high ceilings providing for additional potential income. There is on-site parking for 12 vehicles and extensive off-site street parking available directly adjacent to the property. 150 Forest Avenue is well located across from the main Glen Cove Shopping Center and around the corner from the Glen Clove Hospital and Physical Therapy center. This location on Forest Avenue features high-visibility and an average daily traffic count of over 31,000 vehicles. It is less than one mile from the new RXR Downtown Village Square development which features a 16,500 square foot public plaza, retail, and 146 rental apartments on a 2.8-acre site along Forest Avenue. In addition, less than 1.5 miles away is Garvies Point, a new large-scale resort-style community development on a 28-acre site, currently near completion. It offers luxury residences with unlimited waterways, a one-mile waterfront esplanade, retail and a restaurant with prime sunset views, boardwalk and beach amphitheater, among other amenities. Additionally it offers a high-speed ferry ride to/from Manhattan. This unique property creates an ideal opportunity for an owner/user, investor or developer to realize excellent value and a high potential rate of return on their investment. This property is available as a package with 156 Forest Avenue located two lots east of the subject property. For additional information, please reach out to the exclusive brokers directly.