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    370 Manor Ln Riverhead, NY 11901

    Sponsored
    For Sale
    $1,990,000

    Prime 4-acre location, high income potential.

    Property size:
    6,681 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 6,681-square-foot restaurant and event venue is situated on a desirable 4-acre lot in Riverhead, NY, boasting a prime location near Iron Pier Beach, Long Island National Golf Club, and Jason's Vineyard. The property enjoys excellent signage and high visibility, benefiting from its strategic placement between the Long Island Sound and Peconic Bay on the Dimon Estate. The property features ample parking with 86 spaces spread across multiple private lots, a strategically placed curb cut for easy access, and a full commercial kitchen perfectly equipped for large-scale events. Additional features include high ceilings, indoor and outdoor seating areas, a full basement, showcase gardens, a full bar, and a two-bedroom apartment. The building is equipped with all new LED lighting and central air conditioning. The property's strong zoning allows for diverse uses. Nearby businesses include Starbucks, Walmart, Costco, Home Depot, and many other national retailers. Financial records show an annual restaurant/event venue income of $480,000 (available upon request). Pro forma expenses total $33,328 annually (insurance, maintenance, water, and taxes), resulting in a net operating income (NOI) of $446,672, representing a 22.45 cap rate. This presents a significant investment opportunity with substantial upside potential for developers, investors, and restaurateurs alike.

    Property Features for 370 Manor Ln

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,681 SF
    Lot Size
    174,240 SF

    Building Details

    Year Built
    2006
    Location Intelligence

    Current Use by Public Records

    Christopher Michael Catering Caterer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Pharmacy

    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
    -72.58909
    Latitude
    40.96057

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 4-acre location, high income potential.
    Where is this commercial real estate located?
    The property is located at 370 Manor Ln Riverhead, NY.
    What is the asking price?
    The asking price for this property is $1,990,000.
    (516) 783-5600
    Request Owner's contact information
    370 Manor Ln 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
    370 Manor Ln Riverhead, NY 11901
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