Medical/Office Building on Roanoke
976 Roanoke Ave Riverhead, NY 11901
For Sale
$750,007
Professional building suitable for medical, wellness, or general office use.
Property Size1,452 SF
Lot Size0.22 Acres
Price / SF$516.53
Days on Market95
Property Features for 976 Roanoke Ave
General Information
Standard status
Active
Size
1,452 SF
Lot size
0.22 Acres
Property subtype
Commercial
Building Details
Year Built
1952
Listing Agency:
Howard Hanna | Coach Realtors
(631) 427-9100
Listed By:
David F. Ng SFR
(631) 427-9100
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 5:55AM
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 Howard Hanna | Coach Realtors
Investment Insights
Based on property information with market context.
This approximately 1,452 SF building presents an opportunity for acquisition in a visible location on Roanoke Avenue in Riverhead. The property is suited for medical, wellness, or general office use, featuring multiple treatment/exam rooms, a reception area, and a flexible interior layout. Situated on a 9,500+ SF lot with on-site parking, the property offers accessibility for patients and staff. The location is near Peconic Bay Medical Center, major roadways, and Riverhead’s commercial corridor, benefiting from traffic exposure and a flow of local clientele. Interior features include multiple exam/treatment rooms, a reception/waiting area, private office space, and two bathrooms. The floor plan is flexible for medical or professional use, with central air conditioning and ADA adaptability potential. Exterior features include on-site parking, a private driveway, a large lot with expansion potential, road frontage, and visibility with easy access. The property is located on a high-visibility corridor on Roanoke Avenue, minutes from Peconic Bay Medical Center and close to the Route 58 retail corridor, with access to the Long Island Expressway (I-495). It is central to Suffolk County East End communities. Ideal use cases include a medical practice, wellness center, integrative medicine clinic, professional office, or investment property with rental income potential.
Key Highlights
- Prime location on Roanoke Avenue with high visibility and strong traffic exposure.
- Close proximity to Peconic Bay Medical Center, major roadways, and Riverhead's commercial corridor.
- Versatile 1,452 SF building suitable for medical, wellness, or general office use.
Financial Insights For Office B
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 | $40.6k | $27.96 |
| − Vacancy | −$7.3k | −$5.03 |
| EGI | $33.3k | $22.93 |
| − OpEx | −$8.3k | −$5.73 |
| NOI | $25.0k | $17.20 |
1,452 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$356.7K
$312.1K – $416.1K
NOI $24,968 @ 7.0% cap · market cap 3.33%
Second Best
Healthcare Medical
$331.8K
$290.3K – $387.1K
NOI $23,223 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$442.3K
$387.1K – $516.1K
NOI $30,964 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional building suitable for medical, wellness, or general office use.
Where is this medical office space located?
The property is located at 976 Roanoke Ave Riverhead, NY.
What is the asking price?
The asking price for this property is $750,007.
What are key features of this property?
This property features: Prime location on Roanoke Avenue with high visibility and strong traffic exposure.; Close proximity to Peconic Bay Medical Center, major roadways, and Riverhead's commercial corridor.; Versatile 1,452 SF building suitable for medical, wellness, or general office use.
