508 Main Rd Aquebogue, NY 11931
- Mixed-use properties
- 5,338 SF
- 7.65 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 508 Main Rd
- Lot size
- 7.65 lot acres
- Property size
- 5,338 SF
- Property type
- Mixed-use properties
Description
This exceptional 7.65-acre mixed-use property in Aquebogue, NY, presents a compelling investment opportunity. Located at 508-534 Main Rd, 11931, this prime site boasts a strategic location at a traffic-lit intersection, less than three miles from Peconic Bay Medical Center and the amenities of Riverhead. Currently, a fully occupied, seven-unit, 5,338 square foot medical/professional office building generates income. However, the true potential lies in the existing proposed plans for three mixed-use buildings encompassing 18 residential apartments, a 125-seat restaurant, retail space, and a wet use area. Zoned Hamlet Center + Hamlet Residential, this property offers significant flexibility for developers and investors. The substantial lot size (7.65 acres) and existing infrastructure provide a solid foundation for a variety of development concepts. This is a rare chance to acquire a large parcel in a thriving Long Island North Fork location, ideally situated amongst the region's renowned vineyards and close to major medical facilities and retail centers. Note that proposed plans require necessary approvals. The total buildable square footage is estimated between 5,338 and 36,000 square feet across three buildings. This property is an ideal opportunity for developers, investors, or end-users seeking to expand their revenue streams.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aquebogue
- County
- Suffolk
- State
- New York
- Longitude
- -72.6273
- Latitude
- 40.945
