8 Acres of subdividable commercial land located along the Route 58 Corridor – the commercial hub of Eastern Long Island. Property includes NNN tenant that generates income and covers the property taxes, CAM, and insurance.
Subdividable – minimum lot size is 2 acres – could be subdivided up to 4 lots. Permitted FAR is 25%. FAR can be increased to 30% with TDR’s.
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:
– Self-Storage / Warehouse
– Go Cart Raceway: Indoor/Outdoor
– Miniature Golf Course
– Contractor’s Space
– Outdoor storage
– Gym Physical Fitness
– Auto Service and Repairs
– Marine Service and Repairs
– Medical Labs
– Veterinary Services and Kennel
– Wholesale Businesses
– General Manufacturing
– More….
PLEASE DO NOT DISTURB HYDRANT HOTEL TENANT**
**NDA required & Proof of Funds required for tenant info.
| Price: | 7,998,000 |
| Address: | 845 Raynor, Ave |
| City: | Riverhead |
| County: | Suffolk |
| State: | New York |
| Zip Code: | 11901 |
| MLS: | 64767C1787347482246 |
| Square Feet: | 348,480 |
| Acres: | 8 |
| Lot Square Feet: | 8 acres |
