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    5087 Sound Ave Riverhead, NY 11901

    Sponsored
    For Sale
    $1,500,000

    Turnkey Deli, Liquor Store & Apartment

    Property size:
    2,300 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional Riverhead, NY investment property offers a unique blend of commercial and residential income streams. Situated on a high-traffic road, the property comprises two newly renovated buildings totaling 2,300 square feet. The first building, a 600 sq ft liquor store, boasts a fully updated interior, including new counters and a full basement. The second building is a 1,700 sq ft deli featuring a fully equipped kitchen, new lighting, a hot food bar, and a new refrigerator, in addition to an existing walk-in refrigerator. The sale includes the established businesses of both the liquor store and the deli

    Property Features for 5087 Sound Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,300 SF

    Building Details

    Year Built
    1942
    Property Profile Location Intelligence

    Current Use by Public Records

    Sound Avenue Deli Deli

    Suggested Use

    Realty agency Wholesale Shop Auto Repair Shop Auto Parts Store Accounting Firm Grocery Store Bar & Pub Food Market Convenience Store Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverhead
    County
    Suffolk County
    State
    New York
    Longitude
    -72.62672
    Latitude
    40.96776

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    FAQs

    What type of property is this?
    Mixed-use property - Turnkey Deli, Liquor Store & Apartment
    Where is this mixed-use property located?
    The property is located at 5087 Sound Ave Riverhead, NY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (631) 354-8100
    Request Owner's contact information
    5087 Sound Ave Riverhead, NY 11901
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    Riverhead, NY 11901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5087 Sound Ave Riverhead, NY 11901
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