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54 W Main St Riverhead, NY 11901

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Pending
$1,050,000

Two-story building with retail and residential potential in growing downtown.

Lot size:
0.09 Acres

Property Features for 54 W Main St

General Information

Property type
Commercial
Standard status
Pending
Lot size
0.09 Acres

Building Details

Year built
1922

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Listing Contact
Anna Traina
Source: Elliman

Listing Agent: Anna Traina

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Mixed-Use Property in Downtown Riverhead

This mixed-use property features a two-story, 4,843-square-foot building situated on a 3,920-square-foot lot at the entrance to Downtown Riverhead. The property is located in an opportunity zone and has direct access to public utilities, including sewer, water, gas, and electricity. The ground floor includes a 3,800-square-foot retail suite, previously used as a restaurant. The second floor contains two framed out apartments ready to be finished. Recent upgrades include a modern glass storefront, new second-floor windows, and a new roof. Architectural plans are secured, allowing a future owner to reposition the ground-floor retail space and finish the apartments on the second floor. Zoned Downtown Center 1: Main Street (DC-1), the property is in the Main Street district, where over 500 residential units are proposed or under construction. A large rear Municipal lot provides parking for 200+ vehicles. Located across from the Peconic River and next to Digger's Pub, the property benefits from ongoing revitalization efforts. Its central location between the North and South Forks provides access to the Hamptons, North Fork wineries, farms, and the retail hub along Old Country Road. It is also minutes from the Long Island National Golf Club, The Riverhead Aquarium, Tanger Outlet Center, and Briermere Farms.
Location Intelligence

Current Use by Public Records

Privet's Consignment Warehouse Furniture & Home Goods Acupuncture Clinic LLC Medical Clinic DAT Testing Again Medical Clinic Polished Concrete Solution ... Department Store Polished Concrete Solution Department Store

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

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City
Riverhead
County
Suffolk
State
New York
Longitude
-72.6632171
Latitude
40.9172008

FAQs

What type of property is this?
Mixed-use property - Two-story building with retail and residential potential in growing downtown.
Where is this mixed-use property located?
The property is located at 54 W Main St Riverhead, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: - Prime location at the gateway to Downtown Riverhead, benefiting from ongoing revitalization and residential growth.; - Approved architectural plans allow for immediate repositioning of the ground-floor retail space and completion of the second-floor apartments.; - Opportunity Zone location with direct access to all public utilities.
More about this property
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