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15650791
21021505

411 Old County Road, Flanders, NY 11901

GT
NY NY 10491212413, CT NY BR 2069870
Gregory Tarone
Listed by Gregory Tarone
$12,995,000
804 days on market
Updated 62 days ago
Opportunity zone

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

GT
NY NY 10491212413, CT NY BR 2069870
Gregory Tarone
Listed by Gregory Tarone

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Additional Information

Name
Greg Tarone
License
NY 10491212413
Brokerage Phone
6312761006
Title
CT
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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