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245 Love Lane NW

Mattituck, NY 11952
  • $2,575,000
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: 3532051
UPDATED: 167 min ago
$2,575,000
  • 0
    BEDS
  • 0.89
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

This +17,500 sq.ft. offering on Love Lane is an incredible opportunity to own the largest commercial property on the most iconic street on the North Fork. Attractive Owner Financing to Qualified Buyers. Make your mark on the North Fork by renovating this expansive building. There are also rare approvals for a restaurant, retail, and an apartment, with a pro forma NOI of +$400,000! The site features 58 private parking spaces & additional town parking, and ideally located in the heart of the North Fork adjacent to the Mattituck LIRR train station with proximity to the two main thoroughfares. The visibility is second to none and to have this much square footage in such a prized location puts this offering in a league of its own. The North Fork continues to witness significant year-round and weekend population growth. These residents have significant disposable income and continually seek increased food & beverage, retail, and office options. The Current Building Is Comprised Of 17,652 Gross Sq. Ft.; First Level - 6,895 sq. ft. of ground floor space, Second Level - 3,862 sq. ft. of second floor space, & Lower Level - 6,895 sq. ft. of floor area.

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Douglas Elliman Real Estate. Data last updated: 2024-04-22T21:27:14.93.
www.searchlongislandrealestate.com/homes/147663030
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245 Love Lane NW Mattituck, NY 11952

  • Price: $2,575,000
  • Status: Active
  • On Site: 67 Days
  • Updated: 167 min ago
  • MLS #: 3532051
0
Beds
0
Baths
0
½ Baths
0.89
Acres
Neighborhood:
Southold
County:
Suffolk
Area:
Southold
Property Description
This +17,500 sq.ft. offering on Love Lane is an incredible opportunity to own the largest commercial property on the most iconic street on the North Fork. Attractive Owner Financing to Qualified Buyers. Make your mark on the North Fork by renovating this expansive building. There are also rare approvals for a restaurant, retail, and an apartment, with a pro forma NOI of +$400,000! The site features 58 private parking spaces & additional town parking, and ideally located in the heart of the North Fork adjacent to the Mattituck LIRR train station with proximity to the two main thoroughfares. The visibility is second to none and to have this much square footage in such a prized location puts this offering in a league of its own. The North Fork continues to witness significant year-round and weekend population growth. These residents have significant disposable income and continually seek increased food & beverage, retail, and office options. The Current Building Is Comprised Of 17,652 Gross Sq. Ft.; First Level - 6,895 sq. ft. of ground floor space, Second Level - 3,862 sq. ft. of second floor space, & Lower Level - 6,895 sq. ft. of floor area.
Exterior Features

Cross Street Main Rd Overhead Door 0 Stories Total 2 Waterfront Features Water Access

Interior Features

Heating Natural Gas

Property Features

Current Use CommercialFood ServiceMixed UseOtherResidentialRetail MLSArea Minor 30 Net Operating Income 435147 Potential Rental Income YN Yes Property Sub Type Mixed Use Sewer Septic Tank Tax Annual Amount 30000 Tax Annual Amount1 30000 Zoning Description Commercial

Listing courtesy of Hal Zwick of Compass Greater NY LLC: 631-629-7675
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Douglas Elliman Real Estate. Data last updated: 2024-04-22T21:27:14.93.
 
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1772 E. Jericho Turnpike
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