25 Ac, Calverton, NY 11901
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.