41 E Main St - Storefront Retail/Office FOR SALE


Riverhead, NY 11901
$1,200,000 USD
631-425-1239
41 E Main St, Riverhead, NY for Sale
$1,200,000 USD
Storefront Retail/Office - FOR SALE
1/2
null | 6.48% Cap Rate

41 E Main St
Riverhead, NY 11901


HIGHLIGHTS

  • Prime Downtown Riverhead Location | Steps from Suffolk Theater & Peconic River
  • Ground Floor Fully Leased to Tattoo Shop | 2nd Floor Partially Leased
  • Owner-User or Investor Opportunity | ±1,467 SF Available for Lease or Occupancy
  • Zoned Downtown Center 1 (DC-1) | Flexible Development & Mixed-Use Potential

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

6.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

DC-1

APN/PARCEL ID

0600-128-00-06-00-073-001

ASK ABOUT THIS PROPERTY

Victor LittleCushman & WakefieldMore Info
631-425-1239

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Victor LittleCushman & WakefieldMore Info
631-425-1239

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