1175 Main St Riverhead, NY 11901

Property Details for 1175 Main St

Year built

1938

Lot size

0.91 lot acres

Property size

3,750 SF

Zone code

RFC

Property type

Warehouses

APN

0600-125.00-02.00-025.002

APU

600125000200025002

Description

This exceptional Riverhead, NY industrial property boasts 5,614 square feet on a 0.91-acre lot, offering significant upside potential for investors, developers, and end-users. The property, located at 1175 W Main St, enjoys prime visibility with excellent signage and 223 feet of frontage. Its strategic location in the heart of Riverhead places it minutes from Tanger Outlets, Riverhead Raceway, and Splish Splash, ensuring high traffic and exposure. The building features high 16-foot ceilings, two warehouse bays, a dedicated office area, and all-new LED lighting. Ample parking is provided with 58 spaces. The property also includes four skylights, central air conditioning, and a strategically placed curb cut. The strong RFC zoning allows for a variety of uses. Outdoor seating is available, adding to the property's versatility. Previously home to a successful restaurant for over 23 years, the property can be delivered vacant. Annual expenses total $18,755.18, encompassing insurance ($2,843), maintenance and repairs ($250), and property taxes ($15,662.18). The property generates a net operating income of $41,244.82 annually. Nearby businesses include major retailers such as Toyota, Nike, Walmart, Costco, The Home Depot, Target, Lowe's, Marshalls, HomeGoods, Mattress Firm, and IHOP, further highlighting the property's advantageous location.

Location Insight

City

Riverhead

County

Suffolk

State

New York

Longitude

-72.6893

Latitude

40.9158

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments