Calverton, New York Commercial Real Estate 0 Listings

Calverton, New York: A Premier Destination for Commercial Real Estate

Introduction

Calverton, New York, located in Suffolk County on Long Island, is a strategic hub for commercial real estate (CRE) investments. With its advantageous proximity to New York City and robust local economy, Calverton offers a compelling mix of opportunities across various CRE asset classes. The city is particularly noted for its industrial and logistics sectors, driven by its strategic location and access to major transportation networks.

Economic and Industry Overview

Calverton's economy is anchored by diverse industry clusters including logistics, aerospace, and manufacturing. The presence of Calverton Executive Airpark has spurred growth in the aerospace sector, while the logistics industry benefits from the city’s proximity to major highways and the greater New York metropolitan area. These sectors drive demand for industrial and office properties.

Regional economic development initiatives, such as those by the Suffolk County Industrial Development Agency, further bolster the city's economic landscape, offering incentives and support to businesses looking to expand or relocate to Calverton.

Strategic Location and Transportation Infrastructure

Calverton is strategically positioned with access to major transportation infrastructure:

Highways: The Long Island Expressway (I-495) provides direct access to New York City and other key markets.
Airports: Calverton Executive Airpark offers specialized services for cargo and private flights, while nearby Long Island MacArthur Airport facilitates regional connectivity.
Rail Lines: The Long Island Rail Road (LIRR) serves the area, enhancing mobility for the workforce.

These logistical advantages make Calverton an attractive location for distribution centers and businesses reliant on efficient transportation networks. For more information, visit the New York Department of Transportation.

Commercial Real Estate Inventory & Zoning

Calverton’s CRE market is characterized by several key submarkets:

Industrial Corridors: Driven by logistics and manufacturing, these areas are ideal for warehousing and distribution facilities.
Retail and Office Spaces: Located primarily near major highways and population centers, catering to local and regional businesses.

The city's zoning regulations and incentives, available through the Town of Riverhead Planning Department website, provide developers with opportunities for new projects, particularly in designated Opportunity Zones. Explore the zoning map for more details.

Major Employers and Institutions

Calverton is home to significant employers that drive CRE demand:

Northrop Grumman: A major player in the aerospace sector.
Peconic Bay Medical Center: A key healthcare provider in the region.
Brookhaven National Laboratory: A nearby research facility contributing to the local economy.

For more information, consult the Suffolk County Economic Development website.

Notable Commercial Developments & Projects

Recent and upcoming developments include:

Enterprise Park at Calverton (EPCAL): A major mixed-use development featuring industrial, commercial, and residential components.
Opportunity Zones: Areas designated for economic revitalization, offering tax incentives for investors.

Visit the Town of Riverhead Planning Department for site plans and development updates.

Building Permits, Planning, and Development Tools

Calverton offers a range of resources for developers:

Market Data & Economic Reports

Public data sets offer insights into Calverton’s market dynamics:

Brevitas uses AI-powered aggregation to provide comprehensive insights and invites users to explore our Brevitas-powered dashboards for detailed market analyses.