1636 Main Road

Riverhead

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Calling All Investors, Developers & End-Users!!! 3 Acre 10.49 Cap 7 Unit Mixed-Use Property For Sale Asking $1.95m-$2.15m!!! The Property Features Great Exposure, Excellent Signage, 200 Amp, High 14' Ceilings, 128 Parking Spaces, Strong HC Zoning, Fenced Lot, A/C, +++!!! The Property Is Located In The Heart Of Jamesport Near The Tanger Outlets & Splish Splash Water Park!!! Neighbors Include Starbucks, USPS, Walmart, Costco, The Home Depot, CubeSmart Self Storage, Target, 7-Eleven, Walgreen's, Bob's Discount Furniture, Mattress Firm, HomeSense, Buffalo Wild Wings, Davis Visionworks, McDonald's, +++!!! The Property Has 290 Feet Of Frontage On Main Road!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site / Home For Your Business!!! Income: Main House: 1st Floor (2 Br. Apt): $18,000 Ann. M-M. 1st Floor Rear Unit (1 Br. Apt.): $12,000 M-M. 2nd Floor (2 Br. Apt.): $18,000 Ann. M-M. Cottage: $12,000 Ann. M-M. Retail Store (1,200 Sqft.): $30,000 Ann.; M-M. 9 Greenhouses: $60,000 Ann. M-M. 4 Bay Barn (5,000 Sqft.): $76,000 Ann. Gross Income: $226,000 Ann. Expenses: Gas: $1,680 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $2,826 Ann. Taxes: $16,081 Ann. Water: $532 Ann. Total Expenses: $21,369 Ann. Net Operating Income (NOI): $204,621 Ann. (10.49 Cap!!!)

Listing Courtesy of all island estates realty corp