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    OFF-MARKET
    Land

    25 Ac, Calverton, NY 11901

    25.02 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 25.024-acre commercial land parcel presents a compelling investment opportunity in Riverhead, New York. Strategically located on Mill Road, just north of Old Country Road, this property enjoys a prime position adjacent to Costco and surrounded by major national retailers and big-box stores. The area boasts a thriving, densely populated demographic, making it an ideal location for development. Currently zoned (APZ) Agricultural Protection, the site's proximity to a (DRC) Destination Retail Center zoning district suggests significant potential for rezoning and development. This presents a unique chance to capitalize on the area's growth trajectory. The property's substantial size, coupled with its advantageous location within a bustling retail corridor serving both the North and South Forks of Long Island, makes it an attractive prospect for various commercial ventures. The current annual property tax is $26,779. The APN is 600-101-01-08. This is a rare opportunity to acquire a large tract of land in a high-demand location with significant upside potential. The asking price for this remarkable property is $9,750,000.

    Property profile
    Verified
    Property type Land
    Lot 25.02 ac (1,090,045 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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