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Riverhead NY, 11901 $1,388,000

Industrial Commercial , 5614 SqFt 

Property Picture
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Details ML#: 3561593  

  • # of Families: 3
  • Sale or Rent:Sale
  • Year Built: 1938
  • Taxes: $15,662
  • Status:Active

Description

Calling All Investors, Developers, End-Users & Restauranteurs!!! 5, 600+ Sqft. Restaurant/Warehouse With HUGE Parking Lot For Sale!!! The Property Features Excellent Signage, Great Exposure, High 16’ Ceilings, 58 Parking Spaces, 223’ Of Frontage, Strong RFC Zoning, Outdoor Seating, 4 Skylights, Low Property Taxes, Strategically Placed Curb Cut, 2 Warehouse Bays, Office Area, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Riverhead Minutes From Tanger Outlets, Riverhead Raceway & Splish Splash!!! The Property Has Been Home To A Successful Restaurant For 23+ Years!!! Neighbors Include Toyota, Nike, Walmart, Costco, The Home Depot, Target, Lowe’s Home Improvement, Riverhead Building Supply, CubeSmart Self Storage, Marshalls, HomeGoods, Mattress Firm, IHOP, +++!!! The Entire Property Can Be Delivered Vacant!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!! Expenses: Insurance: $2, 843 Ann. Maintenance & Repairs: $250 Ann. Taxes: $15, 662.18 Ann. Total Expenses: $18, 755.18 Ann. Net Operating Income: $41, 244.82 Ann.

More Property Details

Property Features

Lot Sq Ft: 39640   Approx. Int. Sq. Ft.: 5614.00   Parking Spaces: Yes   Parking Spaces: 58   Stories: 1  

Financial

Taxes: $15,662  

Local Area Information

Block: 2   Lot: 25  

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