642 Main St Riverhead, NY 11901-2809
This exceptional commercial property, located at 642 W Main St, Riverhead, NY 11901, presents a prime investment opportunity. The property encompasses a substantial 16,263 square feet of space, currently vacant and ready for immediate occupancy. The building, constructed in 1990, features two structures across two stories, offering versatile layout options. The 1.5-acre lot boasts impressive 226 feet of frontage, providing excellent visibility and accessibility. Ample parking is available with 80 spaces, complemented by 14 convenient drive-in bays. The property's zoning is classified as 431, within Suffolk County. Its strategic location just off Route 25 offers easy access to a variety of restaurants and retail establishments, enhancing its commercial appeal. The property's previous use as a dually operating automobile dealership and repair shop highlights its suitability for similar businesses or adaptable industrial/flex operations. The substantial square footage, combined with the ample parking and convenient location, makes this a highly attractive proposition for a wide range of commercial ventures. The property is a single-tenant space, offering complete control and flexibility to the new owner. This is a rare opportunity to acquire a well-situated, sizable commercial property in a thriving area.
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Riverhead Chrysler Dodge Jeep Ram Car Dealership
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
10 · Riverhead, NYCosts & 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.