This is a prime investment opportunity in the heart of downtown Greenport - a hamlet on Long Island, New York. This mixed-use building, situated at 136 Main Street in Greenport, Suffolk County, New York, spans three stories and comprises four residential units. With a gross square footage of 6,984, the building includes 2,200 square feet of ground floor retail space and four residential units. A comprehensive gut renovation took place between 2018 and 2019, culminating in the issuance of a final Certificate of Occupancy in August 2019. All 4 residential units in this mixed-use property are currently rented slightly below market rate and produce $103,800 annual rent income. The recently vacated retail space is 2,200 square feet rentable, retail usage ready with build-out complete. Market rent averaging $32/foot for comparative retail space - Pro forma NOI at $ 174,204 resulting in a pro forma cap rate well over 6%. Centrally located in the thriving Town of Greenport, the property enjoys high foot traffic along Main Street and proximity to Greenport Harbor, the Greenport LIRR train station, the Antique Carousel, and the East End Seaport Museum. Additionally, the property benefits from its proximity to six hotels within a mile radius, offering excellent visibility and accessibility for various retail uses. The residential apartments further enhance the property’s appeal, being conveniently located near golf courses, beaches, parks, and a winery, all reachable within a 15-minute drive. This is an outstanding Value-Add play for next operator!