818 Main St Riverhead, NY 11901-2563
This exceptional commercial property, situated at 818 E Main St in the bustling Riverhead business district, presents a unique investment opportunity. The 0.32-acre lot features two well-maintained buildings offering significant income potential. The main structure boasts a substantial 2360 square feet of space, thoughtfully divided across two floors and a full basement. This provides ample room for a variety of commercial uses, allowing for flexibility and adaptability to suit diverse business needs. Adding to the property's appeal is a charming 440 square foot single-story cottage located towards the rear of the lot. This secondary building presents an excellent opportunity to generate additional rental income or to be utilized as supplementary space for the main business. The property also benefits from abundant on-site parking, a valuable asset in a high-traffic area, and offers significant potential for expansion, catering to future growth and development. The well-maintained interior of both buildings ensures a move-in ready condition, minimizing upfront investment and maximizing immediate return. This property is ideally positioned for success in a thriving commercial zone, making it an attractive proposition for savvy investors seeking a strong return on their investment. The combination of size, location, and income potential makes this a truly remarkable opportunity.
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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
HC · 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.