Legal Mixed-Use Office and
1228 Roanoke Ave Riverhead, NY 11901
1228 Roanoke Ave, Riverhead, NY, 11901
$750,000
For Sale
$750,000
First-floor professional office space includes a handicap ramp, waiting area, and four offices, plus upstairs renovated studio apartment.
Property Size1,800 SF
Price / SF$416.67
Days on Market445
Property Features for 1228 Roanoke Ave
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1940
Listing agency
Richmond Realty Corp
(631) 902-5202
Listed by
Isaac Israel · License #30IS0938988
(631) 902-5202
Source
Xome
Added: May 3, 2025 Updated: Jul 20 at 7:29PM Checked: Jul 21 at 3:09AM
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 Richmond Realty Corp
Investment Insights
Based on property information with market context.
This legal mixed-use property combines a professional office on the first floor with a fully renovated studio apartment upstairs. The office level includes handicap ramp access, four offices, a reception area, a waiting room, one bathroom, a closet, and basement storage. The second floor studio apartment has a separate entrance and was updated with air conditioning, new heat, a new bathroom, and hardwood floors.
Off-street parking is available in addition to street parking, and there is a detached garage outbuilding. The property is located one block from Peconic Bay Medical Center and offers close proximity to shopping, other offices, and downtown Riverhead.
Off-street parking is available in addition to street parking, and there is a detached garage outbuilding. The property is located one block from Peconic Bay Medical Center and offers close proximity to shopping, other offices, and downtown Riverhead.
Key Highlights
- Legal mixed‑use property: first‑floor professional office plus upstairs studio apartment with separate entrance
- First floor office includes handicap ramp, waiting/reception area, 4 offices, 1 bathroom, and basement storage
- Upstairs studio apartment is completely renovated with new heat, new bathroom, hardwood floors, and air conditioning
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.7k | $30.96 |
| − Vacancy | −$4.5k | −$2.48 |
| EGI | $51.3k | $28.48 |
| − OpEx | −$19.2k | −$10.68 |
| NOI | $32.0k | $17.80 |
1,800 SF · lease $30.96/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$457.8K
$400.6K – $534.1K
NOI $32,044 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$457.0K
$399.9K – $533.2K
NOI $31,990 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$548.4K
$479.8K – $639.8K
NOI $38,385 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Peconic Ophthmology: Pizzarello ...
Ophthalmologist
Dr. Nazanin Barzideh
Ophthalmologist
Christine Buono
Ophthalmologist
SightMD
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - First-floor professional office space includes a handicap ramp, waiting area, and four offices, plus upstairs renovated studio apartment.
Where is this mixed-use property located?
The property is located at 1228 Roanoke Ave Riverhead, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Legal mixed‑use property: first‑floor professional office plus upstairs studio apartment with separate entrance; First floor office includes handicap ramp, waiting/reception area, 4 offices, 1 bathroom, and basement storage; Upstairs studio apartment is completely renovated with new heat, new bathroom, hardwood floors, and air conditioning
