406 Osborn Ave Riverhead, NY 11901
- Showrooms
- 0.43 lot acres
Current Use by Public Records
- Showrooms
Property Details for 406 Osborn Ave
- Lot size
- 0.43 lot acres
- Zone code
- 03 - MULTI-FAMILY
- Property type
- Showrooms
- APN
- 0600-126.00-01.00-006.000
- APU
- 600126000100006000
Description
This exceptional investment property, located at 406 Osborn Avenue in Riverhead, NY, presents a unique opportunity for discerning investors. The newly constructed mixed-use complex boasts a state-of-the-art laundromat on the ground floor, providing immediate and consistent income generation. Above the laundromat, six high-end residential apartments offer substantial rental potential. Each apartment is meticulously designed and features private elevator access, ensuring resident comfort and privacy. A key advantage is the separate utility metering for each apartment, simplifying management and maximizing efficiency. The building also includes a separate retail space with its own entrance, strategically positioned in a high-traffic area, further enhancing the investment's potential. Ample on-site parking is available for residents and retail customers, supplemented by additional town parking on an adjacent property. The property sits on a 0.48-acre lot. This turnkey investment is ready for immediate income generation and offers a compelling combination of established commercial and residential revenue streams. The property is priced at $3,600,000. This is a rare opportunity to acquire a high-performing, mixed-use asset in a desirable location. Don't miss out on this exceptional investment prospect.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riverhead
- County
- Suffolk
- State
- New York
- Longitude
- -72.6711
- Latitude
- 40.9216
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
