$549,000

37 Lake Avenue, Riverhead, NY 11901

  • 2 beds |
  • 1 bath |
  • 916 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1960
  • Property Lot Size Icon0.27acre lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $599/sqft
  • Property List Date Icon Listed 28 days ago

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
  • 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
  • Style: Ranch
  • Parking: Detached
  • Originating MLS: onekey2
  • School District: Riverhead
  • County: Suffolk County
  • Zoning: 473600270080
  • Utilities: Electricity ConnectedNatural Gas Connected
  • Water: Public
  • Sewer: Cesspool
  • Source: onekey2

This listing courtesy of Douglas Elliman Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Pulaski Street Elementary School

300 Pulaski St, Riverhead, NY, 11901

Grades 5-6

0.73 miles away

R

Riverhead Middle School

600 Harrison Ave, Riverhead, NY, 11901

Grades 7-8

1.03 miles away

R

Riverhead Senior High School

700 Harrison Ave, Riverhead, NY, 11901

Grades 9-12

1.22 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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