10 Peconic AveRiverhead, NY 11901

Property Details for 10 Peconic Ave

Year built

1920

Lot size

0.13 AC

Property size (Sq ft)

8,076 SF

Zone code

08 - GOVERNMENTAL

Property type

Investment properties

Property subtype

Retail residential properties

APN

0600-128.00-06.00-079.000

APU

600128000600079000

Description

This exceptional mixed-use property at 10 Peconic Ave, Riverhead, NY 11901, presents a unique investment opportunity. The three-story building, constructed in 1920, boasts 8,076 square feet and features a ground-floor restaurant space with a private catering hall and dry bar, accessible from Peconic Avenue and a rear municipal parking lot. The second floor offers an office, a framed-out bathroom, and a framed-out open area extending to the third floor, providing significant potential for expansion or customization. Currently zoned DC-1, this property is ideally situated in the heart of downtown Riverhead, close to the Peconic River, and benefits from numerous planned redevelopment and revitalization projects in the area. This building is being sold as a package with 1-9 E. Main St., Riverhead, offering a combined investment opportunity. The asking price for 10 Peconic Ave is $1,395,000. The building comprises four units across three stories, offering flexibility for various uses. This is a blank canvas ready for your vision, offering significant income-generating potential. The property's location offers convenient access to municipal parking.

• CAP approach

  CAP return

  Valuation

  6%

  $1,851,172

  6.5%

  $1,708,775

  7%

  $1,586,719

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,635,576

  Geo Method

  $1,635,576

• Alternative Use

  Use

  Valuation

  Residential

  $1,708,775

  Hospitality

  $1,565,228

  Educational

  $1,302,252

  Medical

  $1,347,038

  Retail

  $2,025,725

Location Insight

City

Riverhead

County

Suffolk

State

New York

Latitude

40.9167

Longitude

-72.6622

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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