Address
840 Old Country Road Riverhead, NY
Price
$ 5,888,000
Property Attributes
  • MLS#3291573
  • TypeCommercial
  • CountySUFFOLK
  • CityRiverhead
  • Area30
  • Zip11901
  • StyleMixed Use
  • Price$ 5,888,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.8 Acres
Listing Provided Courtesy Of:
Richard Matt Shane | with All Island Estates Realty Corp
Data Source:
Multiple Listing Service of Long Island (MLSLI) - 129 - NY
Property Description

Calling All Investors!!! NNN Property For Sale Offered At An Amazing 8.15 Cap!!! The Property Features 460+ Parking Spaces, Great Exposure, Excellent Signage, High Ceilings, 3 Phase Power, Large Shop, Private Offices, Large Showroom, LED Lighting, +++!!! The Tenant Has A 10 Year Lease + (2) 5 Year Options; 3% Annual Increases!!! The Property Has 200'+ Of Frontage On Busy Old Country Road & Over 300' Of Frontage On Ostrander Avenue. This Portion Of Old Country Road Has A Traffic Count Of 32,000 Cars Per Day!!! Neighbors Include Bed Bath & Beyond, Chipotle, Chevrolet, Subaru, Toyota, Buick, Lowe's, The Home Depot, Best Buy, Burger King, Panera, Peconic Bay Medical Center (The Hospital), Capital One, Big Lots, Enterprise, West Marine, CVS, Wendy's, Mattress Firm, +++!!! This Opportunity Won't Last!!! Income: $480,000 Expenses: $0 Net Operating Income (NOI): $480,000 (8.15 Cap!!!)

Price History
3/2/2021 Listed $7,288,000
3/8/2021 13% - $6,388,000
3/25/2021 8% - $5,888,000

General Features

Building Area Units Square Feet
Business Type Miscellaneous
Lot Size Square Feet 78408.00
Property SubType Mixed Use
Property Type Commercial Sale
Tax Annual Amount 0.00
Total Units 1
Zoning Description auto sales

Interior Features

Ceiling Height 1

Exterior Features

Buildingsize 11000
Businessparkingspaces 468
Lot Size Acres 1.8000
Lot Size Area 1.8000
Lot Size Source Other

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 11901

Price
AVG $610K
$5.89M
Visits
AVG 119
126
Year Built
AVG 1949
1985
Walkscore
AVG 50
52
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover

Fair Housing Icon NY Fair Housing Notice