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    411 Old County Rd Riverhead, NY 11901

    Sponsored
    For Sale
    $12,995,000

    37.3 Acres, Prime East End Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 37.3-acre parcel, located at 411 Old Country Road in Flanders, NY (zip code 11901), presents a significant development opportunity. Situated in Suffolk County, this fee-simple property is zoned Commercial/Residential Campus (CRC), offering a diverse range of potential uses. The site's central East End location provides unparalleled access to regional amenities and transportation networks. The property includes approximately 26 acres of wetlands, requiring an application to the Zoning Board of Appeals to determine buildable density for multifamily development. Permitted uses under the CRC zoning include offices, banks, restaurants, funeral homes, single-family and multi-family residences (including townhouses and garden apartments), schools, places of worship, and various recreational facilities. The 2023 property taxes were $77,610. The asking price is $12,995,000. Owner financing is available with a 30% down payment, 6.0% interest-only monthly payments for five years, and no subordination rights, fees, or prepayment penalties. This property is ideal for developers seeking a high-impact project in a thriving East End community. The Suffolk County Tax Map number is 6-109-1-7. This is a unique opportunity to acquire a substantial land holding with significant development potential.

    Property Features for 411 Old County Rd

    General Information

    Property type
    Land
    Lot Size
    1,624,788 SF

    HighLights

    • 37.3‑acre development site in Flanders, NY (11901).
    • Commercial/Residential Campus (CRC) zoning allows diverse uses including multifamily.
    • Suffolk County location offers excellent access to regional amenities and transportation.
    • Approximately 26 acres of wetlands; buildable density requires Zoning Board of Appeals application.
    • 2023 property taxes: $77,610; Asking price: $12,995,000.
    • Owner financing available: 30% down, 6% interest‑only for 5 years, no prepayment penalties.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Gym & Fitness Department Store Wholesale Shop Building Supply Storage Facility Kitchen & Bath Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverhead
    County
    Suffolk
    State
    New York
    Longitude
    -72.653966836297
    Latitude
    40.93496593896

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    FAQs

    What type of property is this?
    Land - 37.3 Acres, Prime East End Location
    Where is this land located?
    The property is located at 411 Old County Rd Riverhead, NY.
    What is the asking price?
    The asking price for this property is $12,995,000.
    What are key features of this property?
    This property features: 37.3-acre development site in Flanders, NY (11901).; Commercial/Residential Campus (CRC) zoning allows diverse uses including multifamily.; Suffolk County location offers excellent access to regional amenities and transportation.
    Request Owner's contact information
    411 Old County Rd 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
    411 Old County Rd Riverhead, NY 11901
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