Great Multifamily or Commercial Development opportunity! This .36 Acre / 15,540 SF Multi-Family Development Site is Located at the corner of Grove Street and Hazel Street in Glen Cove, NY. This property is located in a B-2 Peripheral District with a Orchard Neighborhood Redevelopment Incentive Overlay (RIO-ON) which was created to permit and encourage the redevelopment of vacant and/or deteriorated commercial, industrial and residential properties within the Orchard Neighborhood in a manner that will improve the character of the nearby environs which include an established neighborhood important to the character of the City. This property is also located in an Opportunity Zone which has great tax benefits! Currently there is a 3,200 SF Commercial building on the property which is being rented month to month.
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