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    89 Peconic Ave Riverhead, NY 11901

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    For Sale
    $3,000,000

    One-acre retail site with redevelopment potential in Riverhead, NY.

    Property size:
    1 SF
    Lot size:
    1.00 Acre

    Property Features for 89 Peconic Ave

    General Information

    Size
    1 SF
    Lot size
    1.00 Acre

    Source: Brian McGuire Agent Brian McGuire

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Riverhead Retail Redevelopment Site

    This one-acre commercial land parcel presents a retail redevelopment opportunity. The site has preliminary approval for constructing a 4,000 sq. ft. restaurant featuring a rooftop bar, along with a canoe rental business. The property boasts 160 feet of frontage on Peconic Avenue and benefits from three curb cuts. Situated between E. Main Street and Nugent Drive, the location is on the Peconic River, adjacent to Grangabel Riverhead Town Park. This location marks the entrance to the main street Riverhead business district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Spanish Fast Food ... Restaurant Peconic Paddler LI Canoe & Kayak Rental Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverhead
    County
    Suffolk
    State
    New York
    Longitude
    -72.6634902
    Latitude
    40.9159664

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    FAQs

    What type of property is this?
    Commercial land - One-acre retail site with redevelopment potential in Riverhead, NY.
    Where is this commercial land located?
    The property is located at 89 Peconic Ave Riverhead, NY.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Preliminary site plan approval for a 4,000 sq.ft restaurant with rooftop bar and canoe rental business.; - 1 acre retail redevelopment site.; - **160' frontage on Peconic Avenue with 3 curb cuts.**
    (516) 779-8184
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    89 Peconic Ave 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
    89 Peconic Ave Riverhead, NY 11901
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