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    1550 Main Rd Riverhead, NY 11901

    Sponsored
    For Sale
    $720,000

    Prime Riverhead location, mixed-use building.

    Property size:
    1,422 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a 1,422 square foot mixed-use property situated at 1550 Main Rd, Riverhead, NY. The property comprises a 502 square foot storefront featuring a half-bathroom, seamlessly connected to a 920 square foot residential unit. The residential space offers four rooms, two bedrooms, and a full bathroom, providing versatile options for owner-occupancy or rental income. An unfinished attic offers potential for expansion or additional storage, while a partial basement provides further utility space. The property's location on Main Road in Riverhead offers excellent visibility and accessibility, making it ideal for a variety of commercial ventures. The current vacancy rate is estimated at 25%. This property is being offered at $720,000 and presents a unique blend of commercial and residential space, making it an attractive investment for those seeking a multi-faceted opportunity in a thriving Long Island community. Keys and open house details are forthcoming. The property sits on a lot with no acreage specified. This is a rare opportunity to acquire a well-positioned mixed-use building in a desirable location. Serious inquiries are encouraged.

    Property Features for 1550 Main Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,422 SF

    Building Details

    Year Built
    1949
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverhead
    County
    Suffolk County
    State
    New York
    Longitude
    -72.58247
    Latitude
    40.94922

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Riverhead location, mixed-use building.
    Where is this commercial real estate located?
    The property is located at 1550 Main Rd Riverhead, NY.
    What is the asking price?
    The asking price for this property is $720,000.
    (631) 354-8100
    Request Owner's contact information
    1550 Main Rd Riverhead, NY 11901
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    Riverhead, NY 11901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1550 Main Rd Riverhead, NY 11901
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