Retail Redevelopment Restaurant
89 Peconic Avenue Riverhead, NY 11901
89 Peconic Avenue, Riverhead, NY, 11901
$3,000,000
For Sale
$3,000,000
Redevelopment-ready land site with preliminary approval for a restaurant and rooftop bar, plus canoe rental operations.
Lot Size1.00 Acre
Days on Market50
Property Features for 89 Peconic Avenue
General Information
- Standard status
- Active
- Lot size
- 1.00 Acre
- Property subtype
- Land
Listing Agency
NAI Long Island
(516) 779-8184
Listed by
Brian McGuire
(516) 779-8184
Source
Nailongisland
Added: Jun 2 Updated: Jul 10 at 3:59 pm Checked: Jul 20 at 2:28 am
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Investment Insights
Based on property information with market context.
This retail redevelopment site is positioned for a new food-and-entertainment concept, with preliminary site plan approval already in place. The proposed development includes a 4,000-square-foot restaurant designed to feature a rooftop bar, alongside a canoe rental business as part of the overall operation. The site is structured to support a commercial buildout aimed at drawing repeat visits and lengthening stays.
Located at 89 Peconic Avenue in Riverhead, the property offers substantial exposure and practical entry points for customers and deliveries. The site provides 160 feet of frontage on Peconic Avenue and includes three curb cuts, supporting flexible traffic flow and multiple access options.
For buyers and operators, this is a strong fit for a team looking to capitalize on an approved path to development rather than starting from scratch. The combination of a full-service restaurant component with an outdoor, activity-based rental offering can appeal to operators seeking a differentiated guest experience. It also suits investors evaluating land with preliminary approvals and clear, purpose-driven concept planning.
Located at 89 Peconic Avenue in Riverhead, the property offers substantial exposure and practical entry points for customers and deliveries. The site provides 160 feet of frontage on Peconic Avenue and includes three curb cuts, supporting flexible traffic flow and multiple access options.
For buyers and operators, this is a strong fit for a team looking to capitalize on an approved path to development rather than starting from scratch. The combination of a full-service restaurant component with an outdoor, activity-based rental offering can appeal to operators seeking a differentiated guest experience. It also suits investors evaluating land with preliminary approvals and clear, purpose-driven concept planning.
Key Highlights
- 1‑acre retail redevelopment site with preliminary site plan approval to construct a 4,000 SF restaurant
- Proposed features include a rooftop bar and a canoe rental business
- 160' frontage on Peconic Avenue
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Spanish Fast Food ...
Restaurant
Peconic Paddler LI
Canoe & Kayak Rental Service
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Redevelopment-ready land site with preliminary approval for a restaurant and rooftop bar, plus canoe rental operations.
Where is this commercial land located?
The property is located at 89 Peconic Avenue 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: 1‑acre retail redevelopment site with preliminary site plan approval to construct a 4,000 SF restaurant; Proposed features include a rooftop bar and a canoe rental business; 160' frontage on Peconic Avenue
