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Riverhead Restaurant/Warehouse with Parking

1175 W Main Street, Riverhead, NY 11901

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For Sale

$1,388,000

5,600+ sqft restaurant/warehouse with large parking lot for sale.

Type:Commercial/Industrial

Property size:

5,600 SF

Price / SF:

$247/SF

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.

We can help!

Contact an agent

Richard Matt Shane

For Sale

$1,388,000

5,600+ sqft restaurant/warehouse with large parking lot for sale.

Type:Commercial/Industrial

Property size:

5,600 SF

Price / SF:

$247/SF

Added:: Dec 11, 2024
Days on Market:: 571
Last Refresh:: May 20 at 1:16 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

We can help!

Contact an agent

Richard Matt Shane

Listing office All Island Estates Realty Corp

Listing date Dec 11, 2024

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.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

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 Uses

Best Use

Specialty Retail

$1.45M

$1.27M – $1.70M (±1% cap)

NOI $101,822 @ 7.0% cap · market cap 7.34%

Second Best

Warehouse

$1.23M

$1.07M – $1.43M (±1% cap)

NOI $85,817 @ 7.0% cap · market cap 6.18%

Theoretical Best

Office A

$1.71M

$1.49M – $1.99M (±1% cap)

NOI $119,421 @ 7.0% cap · market cap 8.60%

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

Property Profile Location Intelligence

Current Use by Public Records

Buoy One - Riverhead Restaurant

Suggested Use

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

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For sale
Restaurants
NY
Riverhead
11901
1175 W Main Street

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.