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1179 Old Country CR-58 Rd 8,000 SF Industrial Building Riverhead, NY 11901 $2,200,000 ($275/SF) 5.45% Cap Rate
Investment Highlights
- High traffic location in busy commercial hub
- Join other neighboring national retailers
- Close proximity to schools and hospital
Executive Summary
Rare opportunity! 4,500 sq ft retail showroom with additional 3,500 sq ft separate warehouse. Large signage. High visibility and traffic count in busy commercial area on Rt 58. Zoning allows retail, restaurant, office, personal services, new motor vehicle dealership, and many other commercial uses. Join other neighboring national retailers one block from Northwell Peconic Bay Medical Center Hospital and Riverhead Central School District campus. Rare opportunity for owner-user or investor. First exclusive offering after decades of same family ownership.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,200,000 | Rentable Building Area | 8,000 SF |
| Price Per SF | $275 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built/Renovated | 1964/2020 |
| Cap Rate | 5.45% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.5/1,000 SF |
| Property Subtype | Showroom | No. Dock-High Doors/Loading | 1 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.47 AC | ||
| Zoning | Business Center - Zoning allows retail, restaurant, office, personal services, new motor vehicle dealership, and many other commercial uses. | ||
| Price | $2,200,000 |
| Price Per SF | $275 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.45% |
| Property Type | Industrial |
| Property Subtype | Showroom |
| Building Class | B |
| Lot Size | 0.47 AC |
| Rentable Building Area | 8,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1964/2020 |
| Tenancy | Single |
| Parking Ratio | 1.5/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| Opportunity Zone |
Yes |
| Zoning | Business Center - Zoning allows retail, restaurant, office, personal services, new motor vehicle dealership, and many other commercial uses. |
Amenities
- Signage
- Air Conditioning
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0600-108-00-04-00-003-000 | Total Assessment | $173,300 |
| Land Assessment | $24,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $149,300 | Tax Year | 2025 |
Property Taxes
Parcel Number
0600-108-00-04-00-003-000
Land Assessment
$24,000
Improvements Assessment
$149,300
Total Assessment
$173,300
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
1179 Old Country CR-58 Rd