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2009 Old Country Road, Riverhead, NY, 11901 | $3,500,000
ATTENTION - 4. 15 acres situated directly in between Tanger Outlet I and Tanger Outlet II, Riverhead. OPPORTUNTY ZONE - property is located within a Qualified Opportunity Zone - Excellent IRS tax incentives offered - No Captial Gains possible on future sale of property. New Zoning permits full-service restaurants, general retail, recreational, and other uses. Ideal for a minigolf and other recreational uses smack in the middle of the Tanger Outlets. Other ideas - family friendly themed restaurant entertainment center. Sports Bar. Retail - Clearance Center, Off Price, Discount, Outlets. City Water & Sewer. One-Of-A-Kind commercial property, nothing else like it on all of Long Island. The Tanger Outlet Mall in Riverhead gets millions and millions of shoppers annually, and these shoppers need to cross directly in front of your development. The Riverhead Tanger Outlet are located literally at the end of the Long Island Expressway (I-495). One of the entrances to the Tanger Outlets is on the exit ramp at the end of the Expressway. "How do you get to the Riverhead Tanger Outlets?" Fool proof directions, "Just drive east on the Long Island Expressway to the very very end! " Located between Tanger I and Tanger II, the roadway connecting the 2 sides of the Tanger Outlets is an easement across this property. All vehicular and pedestrian traffic traveling from one side of the Tanger Outlets to the other side of the Tanger Outlets must cross over this 4. 15 acre property - directly in front of your restaurant, shops, minigolf course, or other type of development. Site Plan Approval for 31, 000 sf building. This property offers a tremendous presence in the middle of the Tanger Outlets. There are over 60 stores in Tanger I and over 70 stores in Tanger II. Shoppers going from Tanger I & II must cross over this property - directly in front of your new building. Undoubtably one of the best locations on Long Island with outstanding visibility. Visit www. 4acresbyTanger. com
Features
- Lot Desc: Cleared, Corner Lot, Level
- Elem. School: Riley Avenue School
- Middle School: Riverhead Middle School
- High School: Riverhead Senior High School
- School District: Riverhead
- MLS#: 890299
- Days on Market: 2 days
- Website: https://www.raveis.com
/prop/890299/2009oldcountryroad_riverhead_ny?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
2009 Old Country Road, Riverhead, NY, 11901
$3,500,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,800,000 | $2,800,000 | $2,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,679 | $17,013 | $23,439 |
| Total Monthly Payment | $15,804 | $17,138 | $23,564 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535