Homes of the Hamptons and Surrounding Areas

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840 Old Country Road
Riverhead, NY 11901
MLS# 3291573 ID: 69189156
$5,888,000
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Property Description
Commercial Sale - Riverhead, NY Calling All Investors!!! NNN Property For Sale Offered At An Amazing 6.59 Cap!!! The Property Features 460+ Parking Spaces, Great Exposure, Excellent Signage, High Ceilings, 3 Phase Power, Large Shop, Private Offices, Large Showroom, LED Lighting, +++!!! The Tenant Has A 10 Year Lease + (2) 5 Year Options; 3% Annual Increases!!! The Property Has 200'+ Of Frontage On Busy Old Country Road & Over 300' Of Frontage On Ostrander Avenue. This Portion Of Old Country Road Has A Traffic Count Of 32,000 Cars Per Day!!! Neighbors Include Bed Bath & Beyond, Chipotle, Chevrolet, Subaru, Toyota, Buick, Lowe's, The Home Depot, Best Buy, Burger King, Panera, Peconic Bay Medical Center (The Hospital), Capital One, Big Lots, Enterprise, West Marine, CVS, Wendy's, Mattress Firm, +++!!! This Opportunity Won't Last!!! Income: $480,000 Expenses: $0 Net Operating Income (NOI): $480,000 (6.59 Cap!!!)
Property Features
Status
Days On Market 39 days
Last Updated April 11, 2021
Market Status Available
Description
Property Type Commercial
Year Built 1985
Legal/Financial
Taxes
Listing Features
Property Type Commercial;
Offered By:
Richard Matt Shane
All Island Estates Realty Corp

Data Provided by OneKey MLS


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