37 Lake Avenue, Riverhead, NY, 11901
5 rooms
2 beds
1 Full baths
1960
Ranch
916 sqft
Welcome to 37 Lake Ave in Riverhead, a unique opportunity located within the Riverside Revitalization Project, RO-2 Overlay District. This home is in township of Southampton. It has very low taxes. This property currently features a cozy 2-bedroom, 1-bathroom home offering comfortable living while presenting exceptional potential for future development. The existing home includes two well-sized bedrooms, a full bathroom, and a functional living space, making it suitable for immediate occupancy or rental. However, the true value lies in the property’s investment and redevelopment potential. Riverside is undergoing an exciting transformation, and this parcel is positioned at the center of that growth. A new sewer line installation planned for next year is expected to support expanded development and increased property value throughout the area. Preliminary concepts for the site suggest the potential for up to 7 residential apartments and 1 commercial unit, making it an attractive opportunity for investors, developers, or buyers looking to secure property in a growing community. Don’t miss the chance to own property in one of Riverhead’s emerging neighborhoods with promising long-term potential. Explore the possibilities at 37 Lake Ave today.
Status:
Active
Type:
Single-family residential
Garage:
1-car
Heating:
Forced Air, Oil
Cooling:
Wall/Window Unit(s)
Basement:
Bilco Door(s), Full
Parking:
Detached
Acreage:
0.27
Est. Taxes:
$3,780
Construction
Frame
Utilities
Electricity Connected, Natural Gas Connected
Elementary School:
Pulaski Street Elementary School
Middle School:
Riverhead Middle School
High School:
Riverhead Senior High School
School District:
Riverhead
Days on Market:
5
Appliances:
Gas Range, Refrigerator
MLS #:
965279
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Douglas Elliman Real Estate 631-354-8100