
Gregory Tarone
Listed by Gregory Tarone
$12,995,000
411 Old Country Rd Riverhead NY--Rte 58 & Northville Tpke
Details
Property Type Land, Mixed Use
Sub Type Commercial
Broker Co-Op Yes
Acreage 37.300
Zoning Commercial/Residential Campus
Ownership Fee Simple
East End Central Location -- Opportunity Zone
Marketing description
THIS COMMERCIAL LAND IS THE ONLY LAND WITHIN 2 MILES OF THE CORNER OF ROUTE 68 & NORTHVILLE TURNPIKE THAT IS ON THE MARKET
AND
THE LARGEST VACANT LAND LOT WITH SCENIC WETLANDS IN THE PROXIMATE AREA
NEAR MEDICAL, SHOPPING, PECONCIC BAY MEDICAL CENTER, BJ’S, NYS DMV, OFFICES & SERVICES.
THIS PARCEL OFFERS LOTS OF VIABLE USES AND MIXED-USE, AND YOU MAY BE ABLE TO TRANSFER SOME UNIT OR SQUARE FOOTAGE DENSITY FROM THE WETLANDS TO THE USES, ALLOWING ACCESSORY USES OF DRIVE-THRU’S FOR BANK AND PHARMACY, AND MAYEB FAST-FOOD.
Town of Riverhead ( NY) Zoning and Land Development Article XV: Commercial/Residential Campus (CRC) Zoning Use District:
§ 301-79Uses: In the CRC Zoning Use District, no building, structure, or premises shall be used or arranged or designed to be used, and no building or structure shall be hereafter erected, reconstructed, or altered, unless otherwise provided in this chapter, except for the following permitted uses or specially permitted uses and their customary accessory uses:
A. Permitted uses:
(1) Offices.
(2) Banks.
(3) Restaurants.
(4) Funeral homes.
(5) Single-family residences.
(6) Two-family residences, with the use of one preservation credit.
(7) Townhouses.
(8) Garden apartments.
(9) Radio and television broadcast studios.
(10) Schools.
(11) Museums and art galleries.
(12) Meeting rooms of fraternal organizations.
(13) Places of worship.
(14) Parks and playgrounds.
(15) Indoor sports and recreation facilities.
[Added 12-5-2006 by L.L. No. 52-2006]
B. Accessory uses. Accessory uses shall include those uses customarily incidental to any of the above permitted uses or specially permitted uses when located on the same lot. Specifically permitted are the following:(1) Home occupations.(2) Drive-through windows for banks and pharmacies.[Amended 1-17-2006 by L.L. No. 4-2006]
Suffolk Co. Tax Map # 6-109-1-7
Taxes were $77,610 for 2023.
OWNER FINANCING
First Mortgage Purchase Money Financing of 30 % Down
6.0% Interest-only Monthly
Five(5) Years
No Subornation Rights, No Fees, and No Prepayment Penalty
Investment highlights
OWNER FINANCING
First Mortgage Purchase Money Financing of 30 % Down
6.0% Interest-only Monthly
Five(5) Years
No Subornation Rights, No Fees, and No Prepayment Penalty
Listing Contacts

Gregory Tarone
Listed by Gregory Tarone
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