Cushman & Wakefield has been exclusively retained to market for sale 41 E Main Street in Riverhead, NY. This two-story, 4,000 SF mixed-use property is situated on a 2,178 SF lot in the heart of Downtown Riverhead, benefiting from direct access to a large municipal parking lot.
The ground floor is fully occupied by a tattoo shop, which recently extended its lease for another three years, providing stable in-place income. The second floor is partially leased to a landscape design company, offering an owner-user or investor the opportunity to occupy or lease the remaining +/- 1,467 SF. The property is zoned Downtown Center 1 (DC-1), allowing for flexible mixed-use development potential.
Downtown Riverhead has been the focal point of significant revitalization efforts, with over 500 residential units proposed or under construction. The area blends historic charm with modern vibrancy, featuring premier attractions such as the Suffolk Theater, Vail-Leavitt Music Hall, and the Peconic River waterfront. Popular events like Alive on 25 and Long Island’s largest street-painting festival further enhance the district’s dynamic appeal.
Located within the Federal Opportunity Zone, 41 E Main Street presents a compelling investment opportunity with potential upside through zoning flexibility and continued downtown growth. With its prime Main Street positioning, proximity to the Hamptons, North Fork wineries, and Tanger Outlets, this property is well-suited for investors looking to capitalize on Riverhead’s ongoing transformation.