411 Old County Rd Riverhead, NY 11901

Property Details for 411 Old County Rd

Lot size

37.30 lot acres

Property type

Land

Description

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.