Listing Courtesy of: Amanda Lin - Douglas Elliman Real Estate
631-354-8100
$549,000
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37 LAKE AVE RIVERHEAD, NY 11901
Single Family
Residence
2
Beds
1
Baths
...
Bed/Bath
916
Sq. Ft.
Property Activity
Time on Site
days
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Welcome to 37 Lake Ave in Riverhead, a unique opportunity located within the Riverside Revitalization Project, RO-2 Overlay District. This property currently features a cozy 2-bedroom, 1-bathroom home offering comfortable living while presenting exceptional potential for future development. The exi...sting 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. For more information about the Riverside Revitalization Plan, please click the link: https://www.southamptontownny.gov/DocumentCenter/View/4881/Riverside-Revitalization-Action-Plan-RRAP-7-25-15--FINAL-PDF
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MLS#
965279
Property Type
Single Family
Bedrooms
2
Bathrooms
1 Full
Year Built
1960
Square Feet
916
sq. ft
Lot Size
0.27
Sewer
Cesspool
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