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NNN Office Building
For Sale
$6,950,000

33 W 2nd Street Riverhead, Ny, NY 11901

Single-tenant office property supported by a new 10-year NNN lease and elevator, sprinkler, and basement improvements.

Property Size26,235 SF
Lot Size0.32 Acres
Price / SF$264.91
Days on Market50

Property Features for 33 W 2nd Street Riverhead

General Information

Standard status Active
Size 26,235 SF
Elevators Yes
Lot size 0.32 Acres
Zoning 8

Financials

Cap Rate 8%
Opportunity Zone Yes

Additional Details

Sprinkler System Yes

Taxes and HOA fees

Annual Taxes $43,972

Amenities

Finished,Full,Storage Space
1
2
Yes
Finished, Full, Storage Space
Public
No
On Street
Concrete Perimeter
26235

Building Details

Building Size 26,235 SF
Year Built 1920
Buildings 1
Stories 2
Tenancy Single
Listing Agency:
Listed By: Shamsshare Ally
Source: Parkassets
Added: Jul 13 Changed: Aug 30 Last Checked: Aug 31 at 12:59PM

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 Shamsshare Ally

Investment Insights

Based on property information with market context.

This 26,235-square-foot office building is currently configured for a single tenant under a new 10-year NNN lease, with an approximate 8 CAP. The expanded layout includes private offices, conference rooms, kitchens, waiting areas, foyers, and open work areas across the first floor and two second-floor wings. A finished, full basement provides additional office and storage space, archives, mechanical areas, and a kitchen. Elevator access and sprinklers are also in place.

The property occupies 0.32 acres in downtown Riverhead at 33 W 2nd Street, directly across from Town Hall, one block from Main Street, and one-half block from the Suffolk County Supreme Court. It is located within Riverhead’s designated Opportunity Zone and comprises two separate tax parcels, offering potential flexibility for a future multi-tenant configuration. The building was constructed in 1920 and includes a concrete perimeter foundation, public water, and on-street parking.

Key Highlights

  • 26,235‑square‑foot office building on 0.32 acres
  • New 10‑year NNN lease with an approximate 8 CAP
  • First floor and two second‑floor wings with offices, conference rooms, kitchens, and open work areas

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Nursing Home Accounting Firm Pet Grooming Service Adult Day Care Tanning Salon Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

5,936
Businesses Nearby

Demographics for 11901, NY

30,936
Population
13,126
Households
2.4
Avg Household Size
42
Median Age
21%
College-Educated
79%
High-School Grad
56.7 sq mi
ZIP Area
546
Density / Sq Mi
$83,252
Median Household Income
$39,949
Median Earnings
$2,195
Median Rent
$437,500
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
NNN property - Single-tenant office property supported by a new 10-year NNN lease and elevator, sprinkler, and basement improvements.
Where is this nnn property located?
The property is located at 33 W 2nd Street Riverhead Ny, NY.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: 26,235‑square‑foot office building on 0.32 acres; New 10‑year NNN lease with an approximate 8 CAP; First floor and two second‑floor wings with offices, conference rooms, kitchens, and open work areas
More about this property
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