86 Covert Ave

1031 Exchange possible for the new buyer.
LOCATION:
CENTRALLY POSITIONED ON BUSTLING COVERT AVENUE, BETWEEN STEWART AVENUE AND TULIP AVENUE, THIS COMMERCIAL SPACE PRESENTS A PRIME OPPORTUNITY FOR RETAIL OR OFFICE USE.
SPACE:
BOASTING 1200 SQUARE FEET ON THE FIRST FLOOR AND AN ADDITIONAL 1200 SQUARE FEET IN THE BASEMENT, THIS PROPERTY OFFERS AMPLE SPACE FOR A WIDE RANGE OF BUSINESS OPERATIONS. NOTABLY, A QUARTER OF THE BASEMENT IS CURRENTLY LEASED FOR STORAGE, PROVIDING AN ADDITIONAL REVENUE STREAM.
CURRENT LEASE:
THE GROUND FLOOR IS CURRENTLY LEASED TO A LOCAL SHOP AT BELOW-MARKET RENT, LEAVING UPSIDE BY RAISING THE RENT UPON RELEASING THE SPACE. THE SPACE CAN ALSO BE DELIVERED VACANT, OFFERING FLEXIBILITY TO POTENTIAL BUYERS FOR THEIR INTENDED USE. WE ARE SEEING RENTAL COMPS IN THE AREA BETWEEN $30 AND $40 PER SQUARE FOOT.
STRATEGIC LOCALE:
SITUATED IN A HIGH-VISIBILITY LOCATION, THIS PROPERTY IS DIRECTLY ACROSS THE STREET FROM A TO-BE-DEVELOPED 46-UNIT APARTMENT
BUILDING. THIS DEVELOPMENT PROMISES TO BRING AN INFLUX OF POTENTIAL CUSTOMERS AND INCREASED FOOT TRAFFIC, MAKING IT AN ATTRACTIVE PROSPECT FOR BUSINESSES LOOKING TO CAPITALIZE ON THE GROWING LOCAL COMMUNITY.
CONVENIENT ACCESS:
ONE OF THE PROPERTY'S KEY ADVANTAGES IS ITS PROXIMITY TO THE STEWART MANOR TRAIN STATION, WHICH IS ONLY A SHORT 10-MINUTE WALK AWAY. THIS ACCESSIBILITY IS A SIGNIFICANT BONUS FOR BOTH CLIENTS AND STAFF ALIKE. FOR FURTHER DETAILS OR TO ARRANGE A VIEWING OF THIS SPACE, PLEASE DO NOT HESITATE TO CONTACT US. THIS IS A PRIME OPPORTUNITY TO ESTABLISH OR EXPAND YOUR BUSINESS IN A HIGH-TRAFFIC, GROWING NEIGHBORHOOD.