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845 Raynor Ave 8 Acres of Commercial Land Offered at $11,015,726 CAD in Riverhead, NY 11901
INVESTMENT HIGHLIGHTS
- 8 Acres of Commercial Property - Subdividable
- Coverage / FAR - 25% - Room for 87,000 sq.ft.
- Opportunity Zone Property, IRS Tax Code offers deferral and elimination of cap gains
- Well Established Tenant - provides income and covers property taxes
- Permitted Uses Include: Medical Offices, Self-Storage, Minigolf, and more
- City Water & Sewer
EXECUTIVE SUMMARY
8 Acres of subdividable commercial land located along the Route 58 Corridor – the commercial hub of Eastern Long Island. Property includes well established commercial tenant that generates income and covers the property taxes and insurance.
Subdividable - minimum lot size is 2 aces - could be subdivided up to 4 lots. Permitted coverage is 25%.
City Water and Sewer.
Property is located in a Qualified Opportunity Zone – IRS Tax Code - may provide tremendous tax benefits, including deferral and increased basis, PLUS the elimination of all future capital gains on the re-sale of the property.
Permitted Uses Include:
- Medical and Professional Offices
- Medical Labs
- Veterinary Services and Kennel
- Self-Storage / Warehouse
- Outdoor storage
- Contractor’s Space
- Miniature Golf Course
- Go Cart Raceway: Indoor/Outdoor
- Gym Physical Fitness
- Auto Service and Repairs
- Marine Service and Repairs
- Wholesale Businesses
- General Manufacturing
...More
PLEASE DO NOT DISTURB HYDRANT HOTEL TENANT**
**NDA required & Proof of Funds required for tenant info.
Subdividable - minimum lot size is 2 aces - could be subdivided up to 4 lots. Permitted coverage is 25%.
City Water and Sewer.
Property is located in a Qualified Opportunity Zone – IRS Tax Code - may provide tremendous tax benefits, including deferral and increased basis, PLUS the elimination of all future capital gains on the re-sale of the property.
Permitted Uses Include:
- Medical and Professional Offices
- Medical Labs
- Veterinary Services and Kennel
- Self-Storage / Warehouse
- Outdoor storage
- Contractor’s Space
- Miniature Golf Course
- Go Cart Raceway: Indoor/Outdoor
- Gym Physical Fitness
- Auto Service and Repairs
- Marine Service and Repairs
- Wholesale Businesses
- General Manufacturing
...More
PLEASE DO NOT DISTURB HYDRANT HOTEL TENANT**
**NDA required & Proof of Funds required for tenant info.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $11,015,726 CAD | Lot Size | 8.00 AC |
| Price Per AC | $1,376,965.71 CAD |
| Price | $11,015,726 CAD |
| Price Per AC | $1,376,965.71 CAD |
| Lot Size | 8.00 AC |
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East End Commercial Real Estate
845 Raynor Ave
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