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845 Raynor Ave - Self-Storage Site - Includes NNN Tenant 8 Acres of Commercial Land Offered at $7,998,000 in Riverhead, NY 11901
Investment Highlights
- 8 Acres of Commercial Property - Subdividable
- Coverage / FAR - 25% - Room for 87,000 sq.ft.
- Opportunity Zone Property, IRS Tax Code offers deferral and elimination of cap gains
- Well Established Tenant - provides income and covers property taxes
- Permitted Uses Include: Medical Offices, Self-Storage, Minigolf, and more
- City Water & Sewer
Executive Summary
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 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.
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.
Property Facts
1 Lot Available
Lot
| Price | $7,998,000 | Lot Size | 8.00 AC |
| Price Per AC | $999,750.00 |
| Price | $7,998,000 |
| Price Per AC | $999,750.00 |
| Lot Size | 8.00 AC |
1 1
Property Taxes
| Parcel Number | 0600-108-00-02-00-010-000 | Improvements Assessment | $155,900 |
| Land Assessment | $80,000 | Total Assessment | $235,900 |
Property Taxes
Parcel Number
0600-108-00-02-00-010-000
Land Assessment
$80,000
Improvements Assessment
$155,900
Total Assessment
$235,900
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East End Commercial Real Estate
845 Raynor Ave - Self-Storage Site - Includes NNN Tenant
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