1018 Roanoke Ave Riverhead, NY 11901-2736
This exceptional mixed-use property at 1018 Roanoke Avenue in Riverhead, New York, presents a unique investment opportunity. Situated on a 0.3-acre lot, the building offers a versatile layout ideal for a variety of commercial and residential uses. Previously occupied by a dentist's office on the main level, this space is now vacant and ready for immediate occupancy. The ground floor commercial area provides ample space for a range of businesses, benefiting from its high-visibility location in Riverhead. Above the commercial space, a residential apartment occupies the second floor, offering additional income potential or comfortable living quarters for an owner-occupant. The building's vacant status allows for complete customization and renovation to suit the new owner's specific needs and vision. This property is an excellent choice for both seasoned investors seeking a strong return and entrepreneurs looking to establish their business in a thriving community. The 0.3-acre lot provides ample space for potential expansion or outdoor amenities. The asking price is $685,000, representing a compelling investment in a desirable location with significant upside potential. This is a rare opportunity to acquire a mixed-use property in a prime Riverhead location, offering both commercial and residential income streams. Don't miss out on this chance to own a piece of Riverhead's vibrant commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
03 - MULTI-FAMILY · Riverhead, NYRiverhead. Always verify with local authorities before improvements.
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.