1-9 Main St Riverhead, NY 11901
- Retail properties
- 9,553 SF
Current Use by Public Records
- Retail properties
Property Details for 1-9 Main St
- Year built
- 1929
- Property size
- 9,553 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional three-story mixed-use brick building, located in the heart of downtown Riverhead, presents a unique investment opportunity. The property encompasses 9,553 square feet and features a thriving restaurant on the ground floor with a full basement, complemented by five loft-style duplex apartments on the second and third floors. An elevator services all three floors. Built in 1929, the building is zoned DC-1 Main Street, offering considerable flexibility. The property includes convenient access to municipal parking located at the rear. This income-generating property is being sold as a package with 10 Peconic Avenue, Riverhead, for a combined asking price of $4,190,000. The individual asking price for 1-9 East Main Street is $2,495,000, while 10 Peconic Avenue is listed at $1,395,000. The restaurant component, Dark Horse, is valued at $300,000. Situated near the Peconic River, this property benefits from numerous planned redevelopment and revitalization projects in the area, promising significant future growth potential. The six total units offer a diverse income stream, making this a compelling investment in a vibrant and developing downtown location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riverhead
- County
- Suffolk
- State
- New York
- Longitude
- -72.6623
- Latitude
- 40.9168
