1175 W Main St, Riverhead, NY 11901
For Sale
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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.
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Buoy One - Riverhead Restaurant
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
RFC · 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.