218 Main St Riverhead, NY 11901
This exceptional mixed-use property in Riverhead, NY, presents a rare investment opportunity. Located on a 0.4-acre corner lot at 218 W Main St, the property features a well-established deli and office space, creating a strong foundation for continued commercial success. The existing deli business is included in the sale, although buyers are free to establish their own business in this prime location. Ample parking is available for both commercial tenants and customers. Adding to the property's versatility is a cozy two-bedroom apartment, ideal for owner occupancy or rental income. This residential component provides additional revenue potential and convenience. The property's location in the heart of the Northfork offers easy access to the region's renowned wineries, scenic landscapes, and thriving community. This unique blend of commercial and residential spaces makes it an attractive investment for those seeking a profitable venture in a desirable location. The asking price is $2,400,000. The square footage is not currently available. The buyer is not obligated to continue operating the deli.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.