Retail Redevelopment Restaurant
For Sale
$3,000,000
89 Peconic Avenue, Riverhead, NY 11901
Redevelopment-ready land site with preliminary approval for a restaurant and rooftop bar, plus canoe rental operations.
Lot Size1.00 Acre
Days on Market59
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
Changed: Jul 10
Last Checked: Jul 30 at 4:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Long Island
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
Current Use
Location Intelligence
Trade Area within ½ mile
1,262
Businesses Nearby
55k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 39%
Home Improvements & Furnishings 5%
Hotels & Casinos 2%
McDonald's
Dining
20,381 visits/mo
0.1 miles
7-Eleven
Shops & Services
7,782 visits/mo
0.3 miles
Shell
Shops & Services
7,092 visits/mo
0.0 miles
Chase Bank
Shops & Services
6,933 visits/mo
0.2 miles
76
Shops & Services
3,291 visits/mo
0.1 miles
Demographics for 11901, NY
30,936
Population
13,126
Households
2.4
Avg Household Size
42
Median Age
21%
College-Educated
79%
High-School Grad
56.7 sq mi
ZIP Area
546
Density / Sq Mi
$83,252
Median Household Income
$39,949
Median Earnings
$2,195
Median Rent
$437,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
