Market Conditions in 11901>Question Details

Bob Gregory, Other/Just Looking in Riverhead, NY

I have a parking lot in downtown Riverhead with 38 spaces. What is the going rate if I were to lease this?

Asked by Bob Gregory, Riverhead, NY Fri Mar 14, 2008

parking lot?

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From your information that you provided, I would say about 2,000 a month. Give or take, depending on the exact area downtown.
0 votes Thank Flag Link Fri Oct 9, 2009
I would, from the brief information you are giving, estimate between 2-3K per month on an annual lease for a company that would not be able to accomodate municipal or on site personnel. If it were zoned for industrial; tractor trailers, landscaping or contractor equipment, it would be more available. You would need to check zoning.
0 votes Thank Flag Link Sat Mar 15, 2008
How many cars will it hold? Are you currently enjoying an income from it? If so, what were your gross sales in 2007. What was your payroll, insurance and maintenance?
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0 votes Thank Flag Link Fri Mar 14, 2008
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