33 W 2Nd St Riverhead, NY 11901

Located in the heart of historic downtown Riverhead, this 26,235 square foot office building at 33 W 2nd Street presents a stabilized investment opportunity with a financially secure NNN tenant under a new 10-year lease. The 0.32-acre property is situated across from Riverhead Town Hall, one block from Main Street, and half a block from the Suffolk County Supreme Court. The property generates considerable NOI, providing investors with long-term returns. While currently single tenant, the building can be easily converted to multi-tenant use. The original building was expanded twice, resulting in a unique structure. The first floor and two second-floor wings feature a combination of private offices, conference rooms, kitchens, waiting areas, foyers, and open workspaces. A full egress basement provides additional office and storage areas, along with archives, mechanical rooms, and a kitchen. The architecturally distinctive building blends historic character with updated office infrastructure, including elevator access, sprinklers, and fiber optic internet. The property is located within Riverhead's designated Opportunity Zone, offering potential tax benefits. Surrounding businesses include RXR Riverhead Mixed Use Complex, M&T Bank, NYS Supreme Court, Riverhead Town Hall, Tweed's Restaurant, North Fork Brewing Company, Suffolk Theatre, and Star Confectionary. The 2024 Town Tax Bill is $69,790, the 2024 Building Insurance is $16,000, and the 2024 Repairs / Maintenance are $62,757.