Technical
Financial
Distress signals
Property profile

1087 Old Country Rd Riverhead, NY 11901

OFF-MARKET
Community centers
Property ID
US63-0222865
110,543 SF 9.38 ac lot Built 1986
Entity Owned 19-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 45,000 square foot retail shopping center is ideally situated at 1087-1101 Old Country Road in Riverhead, New York, within Suffolk County. Currently, the entire 45,000 square foot space is available for lease, presenting a unique opportunity for a large-scale retailer or a collection of smaller businesses seeking a high-visibility location. The property's classification as a shopping center indicates its suitability for a variety of retail uses, offering significant potential for a diverse tenant mix. The address, 1087-1101 Old Country Road, places the property on a major thoroughfare, ensuring high traffic volume and excellent exposure to potential customers. Located in the vibrant town of Riverhead, New York, 11901, this property benefits from a strong local economy and a dense population base. The property's size and location make it an attractive investment for businesses seeking to establish a strong presence in the area. The entire building is vacant, allowing for complete customization and tenant build-out to suit specific business needs. This presents a rare opportunity to create a truly bespoke retail environment. Serious inquiries are encouraged to explore this exceptional leasing opportunity further. The property is ready for immediate occupancy.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1986
Total area 110,543 SF
Lot 9.38 ac (408,593 SF)
Zoning code SC
APN 0600-108.00-04.00-014.005
UPID US63-0222865

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor
  • Hardware & Home Improvement Building Supply
  • Building Supply Hardware & Home Improvement
  • Courier Service Postal Service
  • Courier Service Postal Service

Location

1087 Old Country Rd Riverhead, NY 11901-2141
Riverhead metro Census 169800 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.05M

Owner & transaction history

since 2007
5 recorded transactions
2023
Price N/A
2016
Price N/A
2007
$19.3M
2007
Price N/A
1969
Price N/A

Zoning & alternative use

SC · Riverhead, NY
Zoning description

ss) (§ 301-95 - § 301-98) Article XX Calverton Office (CO) Zoning Use District (§ 301-99 - § 301-104) Article XXI Destination Retail Center (DRC) Zoning Use District (§ 301-105 - § 301-108) Article XXII Shopping Center (…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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