1175 W Main St - Light Distribution FOR SALE


Riverhead, NY 11901
$1,388,000 USD
516-279-8828
1175 W Main St, Riverhead, NY for Sale
$1,388,000 USD
Light Distribution - FOR SALE
1/21
null | 9.02% Cap Rate

1175 W Main St
Riverhead, NY 11901


HIGHLIGHTS

  • Calling All Investors, Developers, End-Users & Restauranteurs!!! 5,600+ Sqft. Restaurant/Warehouse With HUGE Parking Lot For Sale!!!
  • The Property Features Excellent Signage, Great Exposure, High 16’ Ceilings, 58 Parking Spaces, 223’ Of Frontage, Strong RFC Zoning, +++!!!
  • The Property Is Located In The Heart Of Riverhead Minutes From Tanger Outlets, Riverhead Raceway & Splish Splash!!!
  • Neighbors Include Toyota, Nike, Walmart, Costco, The Home Depot, Target, Lowe’s Home Improvement, CubeSmart Self Storage, +++!!!
  • The Entire Property Can Be Delivered Vacant!!!
  • This Property Offers HUGE Upside Potential!!!

OVERVIEW

Calling All Investors, Developers, End-Users & Restauranteurs!!! 5,600+ Sqft. Restaurant/Warehouse With HUGE Parking Lot For Sale!!! The Property Features Excellent Signage, Great Exposure, High 16’ Ceilings, 58 Parking Spaces, 223’ Of Frontage, Strong RFC Zoning, Outdoor Seating, 4 Skylights, Low Property Taxes, Strategically Placed Curb Cut, 2 Warehouse Bays, Office Area, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Riverhead Minutes From Tanger Outlets, Riverhead Raceway & Splish Splash!!! The Property Has Been Home To A Successful Restaurant For 23+ Years!!! Neighbors Include Toyota, Nike, Walmart, Costco, The Home Depot, Target, Lowe’s Home Improvement, Riverhead Building Supply, CubeSmart Self Storage, Marshalls, HomeGoods, Mattress Firm, IHOP, +++!!! The Entire Property Can Be Delivered Vacant!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!! Income: Restaurant: $90,000 Ann. (Available) Rear Office: $36,000 Ann. (Available) Parking: $18,000 Ann. (Available) Pro Forma Gross Income: $144,000 Ann. Expenses: Insurance: $2,843 Ann. Maintenance & Repairs: $250 Ann. Taxes: $15,662.18 Ann. Total Expenses: $18,755.18 Ann. Pro Forma Net Operating Income (NOI): $125,244.82 Ann.

FOR SALE DETAILS

PRICE

$1,388,000 USD

PRICE/SF

$247 USD /SF

CAP RATE

9.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

Freestanding, Restaurant, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

58

LAND DETAILS

LAND ACRES

0.91

LAND SF

39,640

ZONING

RFC

APN/PARCEL ID

0600-125-00-02-00-025-002

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.