37 Lake Avenue, Riverhead, NY 11901

• 2 beds |
• 1 bath |
• 916 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

March 26, 2026 at 5:23PM

Listing Office:

Douglas Elliman Real Estate : 631-354-8100

MLS ID:

965279

Interior

• General: First Floor BedroomFirst Floor Full BathEat-in Kitchen
• Appliances: Gas RangeRefrigerator
• Basement: Bilco Door(s)Full
• Flooring: Hardwood
• A/C: Wall/Window Unit(s)
• Heating: Forced AirOil

Exterior

• Style: Ranch
• Parking: Detached

Location

• Originating MLS: onekey2
• School District: Riverhead
• County: Suffolk County

Lot

• Zoning: 473600270080

Utilities

• Utilities: Electricity ConnectedNatural Gas Connected
• Water: Public
• Sewer: Cesspool

Financial

• Source: onekey2