5087 Sound Ave Riverhead, NY 11901
- Investment properties
- 3,753 SF
- 0.45 lot acres
Current Use by Public Records
- Sound Avenue Deli / Convenience Store / Deli
Property Details for 5087 Sound Ave
- Year built
- 1942
- Lot size
- 0.45 lot acres
- Property size
- 3,753 SF
- Zone code
- 10
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 0600-020.00-04.00-002.000
- APU
- 600020000400002000
Description
This exceptional Riverhead, NY investment property offers a unique blend of commercial and residential income streams. Situated on a high-traffic road, the property comprises two newly renovated buildings totaling 2,300 square feet. The first building, a 600 sq ft liquor store, boasts a fully updated interior, including new counters and a full basement. The second building is a 1,700 sq ft deli featuring a fully equipped kitchen, new lighting, a hot food bar, and a new refrigerator, in addition to an existing walk-in refrigerator. The sale includes the established businesses of both the liquor store and the deli
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $825,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $815,000
- 6.5%
- $740,000
- 7%
- $820,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $720,000
- Geo Method
- $690,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $825,000
- Retail
- $825,000
- Mixed-Use
- $715,000
- Hospitality
- $685,000
- Educational
- $700,000
- Residential Income
- $610,000
- Energy
- $730,000
- Income-Based Land
- $665,000
- Food Service
- $780,000
Location Insight
- Map
- Local Demand
- City
- Riverhead
- County
- Suffolk
- State
- New York
- Longitude
- -72.6268
- Latitude
- 40.9678
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA