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Property profile & analytics
OFF-MARKET
Investment properties

1018 Roanoke Ave Riverhead, NY 11901-2736

1,640 SF 0.3 ac lot Built 1924
Entity Owned 3-yr Hold Free & Clear
Property ID
US63-2702849
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1924
Total area 1,640 SF
Lot 0.3 ac (13,068 SF)
Zoning code 03 - MULTI-FAMILY
APN 0600-107.00-01.00-011.000
UPID US63-2702849
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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by Request
Owner & transaction history
Hoeg Rlty Grp Of Ny LLC · 3 yrs held
Hoeg Rlty Grp Of Ny LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
03 - MULTI-FAMILY · Riverhead, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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