845 Raynor Ave - Commercial LAND FOR SALE


Riverhead, NY 11901 348,480 SF
$7,998,000 USD
516-810-0900
845 Raynor Ave, Riverhead, NY for Sale
$7,998,000 USD
Commercial LAND - FOR SALE
1/8
348,480 SF

845 Raynor Ave
Riverhead, NY 11901


HIGHLIGHTS

  • 8 Acres of Commercial Property - Subdividable
  • Well Established Tenant - provides income and covers property taxes
  • Coverage / FAR - 25% - Room for 87,000 sq.ft.
  • Permitted Uses Include: Medical Offices, Self-Storage, Minigolf, and more
  • Opportunity Zone Property, IRS Tax Code offers deferral and elimination of cap gains
  • City Water & Sewer

OVERVIEW

8 Acres of subdividable commercial land located along the Route 58 Corridor – the commercial hub of Eastern Long Island. Property includes well established commercial tenant that generates income and covers the property taxes and insurance. Subdividable - minimum lot size is 2 aces - could be subdivided up to 4 lots. Permitted coverage is 25%. City Water and Sewer. Property is located in a Qualified Opportunity Zone – IRS Tax Code - may provide tremendous tax benefits, including deferral and increased basis, PLUS the elimination of all future capital gains on the re-sale of the property. Permitted Uses Include: - Medical and Professional Offices - Medical Labs - Veterinary Services and Kennel - Self-Storage / Warehouse - Outdoor storage - Contractor’s Space - Miniature Golf Course - Go Cart Raceway: Indoor/Outdoor - Gym Physical Fitness - Auto Service and Repairs - Marine Service and Repairs - Wholesale Businesses - General Manufacturing ...More PLEASE DO NOT DISTURB HYDRANT HOTEL TENANT** **NDA required & Proof of Funds required for tenant info.

FOR SALE DETAILS

PRICE

$7,998,000 USD

PRICE/ACRE

$999,750/AC

PRICE/SF

$23 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Industrial, Office, Auto Repair, Contractor Storage Yard, Garden Center, Health Club, Industrial Park, Medical, Office Park, Retail Warehouse, Self-Storage, Veterinarian/Kennel, Warehouse

LAND ACRES

8 AC

LAND SF

348,480 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

Light Industrial (LI)

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Laurence OxmanEast End Commercial Real EstateMore Info
516-810-0900

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Laurence OxmanEast End Commercial Real EstateMore Info
516-810-0900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.