Riverhead Restaurant/Warehouse with
1175 W Main Street, Riverhead, NY 11901
5,600+ sqft restaurant/warehouse with large parking lot for sale.
Type:Commercial/Industrial
Property size:
5,600 SFPrice / SF:
$247/SF- Added:
- Mar 12, 2026
- Days on Market:
- 66
- Last Refresh:
- Apr 6 at 3:50 am
Property Features for 1175 W Main Street
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1938
Listing agent Richard Matt Shane License #10301216230
Listing office All Island Estates Realty Corp (516) 783-5600
Listing date Mar 12, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of All Island Estates Realty Corp
HighLights
- High‑Visibility Location: 223' of frontage in the heart of Riverhead, near major retailers and attractions.
- Large Parking Lot: Features 58 parking spaces and outdoor seating potential.
- Versatile Space: 5,600+ sqft. restaurant/warehouse with high 16' ceilings, 2 warehouse bays, and an office area.
- Strong Zoning: RFC zoning offers flexibility for different business ventures.
- Vacant Possession: The entire property can be delivered vacant.
- Low Expenses & Income: Low property taxes and a net operating income of $41,244.82 Ann.
Overview
This 5,600+ sqft restaurant/warehouse is available for purchase, presenting opportunities for investors, developers, end-users, and restaurateurs. The property features prominent signage, significant visibility, and high 16' ceilings. A large parking lot accommodates 58 vehicles. The building has 223' of frontage and benefits from strong RFC zoning. Outdoor seating is available, and the interior is illuminated by 4 skylights. The property includes 2 warehouse bays and an office area. New LED lighting and central air conditioning have been installed. The property is located in Riverhead, near Tanger Outlets, Riverhead Raceway, and Splish Splash. Neighboring businesses include Toyota, Nike, Walmart, Costco, The Home Depot, Target, Lowe's Home Improvement, Riverhead Building Supply, CubeSmart Self Storage, Marshalls, HomeGoods, and Mattress Firm. The property has been the site of a successful restaurant for over 23 years. The entire property can be delivered vacant. Annual expenses include $2,843 for insurance, $250 for maintenance and repairs, and $15,662.18 in taxes, totaling $18,755.18. The net operating income is $41,244.82 annually.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$1.13M
NOI $101,822 @ 9.00% cap · cautious / downside scenario
Moderate
$1.45M
NOI $101,822 @ 7.00% cap · market / base-case scenario
Aggressive
$2.04M
NOI $101,822 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.8k | $26.04 |
| − Vacancy | −$10.1k | −$1.80 |
| EGI | $135.8k | $24.24 |
| − OpEx | −$33.9k | −$6.06 |
| NOI | $101.8k | $18.18 |
5,600 SF · lease $26.04/SF/yr · vacancy 6.90% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$1.45M
$1.27M – $1.70M
NOI $101,822 @ 7.0% cap · market cap 7.34%
Second Best
Warehouse
$1.23M
$1.07M – $1.43M
NOI $85,817 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,421 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Buoy One - Riverhead
Restaurant
Similar Places Nearby
- Buoy One - Riverhead — 1175 W Main St, Riverhead, NY 11901
Location Insight
- Map
- Local Demand
- City
- Riverhead
- County
- Suffolk
- State
- New York
- Longitude
- -72.689
- Latitude
- 40.9158
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - 5,600+ sqft restaurant/warehouse with large parking lot for sale.
Where is this restaurant located?
The property is located at 1175 W Main Street Riverhead, NY.
What is the asking price?
The asking price for this property is $1,388,000.
What are key features of this property?
This property features: High‑Visibility Location: 223' of frontage in the heart of Riverhead, near major retailers and attractions.; Large Parking Lot: Features 58 parking spaces and outdoor seating potential.; Versatile Space: 5,600+ sqft. restaurant/warehouse with high 16' ceilings, 2 warehouse bays, and an office area.
