54 W Main St - Restaurant FOR SALE


Riverhead, NY 11901
$1,595,000 USD
631-425-1232
54 W Main St, Riverhead, NY for Sale
$1,595,000 USD
Restaurant - FOR SALE
1/5
null | Request Cap Rate

54 W Main St
Riverhead, NY 11901


HIGHLIGHTS

  • Prime Mixed-Use Property Located in Downtown Riverhead’s Revitalized Main Street District
  • Architectual Plans to Reposition the Ground Floor and Add 2 Residential Apartments
  • Fully Permitted Opportunity Zone Project
  • Direct Access to Public Utilities and Proximity to the Hamptons & North Fork Wineries, and Major Local Attractions

OVERVIEW

Cushman & Wakefield has been exclusively retained to market for sale 54 W Main Street in Riverhead, NY. This prime mixed-use retail and residential property encompasses a two-story, 4,843 SF building situated on a 3,920 SF lot, strategically positioned at the gateway to Downtown Riverhead. The asse t is currently fully vacant, and ownership has secured architectural plans for a future owner to reposition the ground-floor retail space and add two apartments on the second floor. Located in an opportunity zone, this project benefits from direct access to public utilities, including sewer, water, gas, and electricity. The property currently features a 3,800 SF retail suite on the ground floor, previously occupied by a restaurant, and two one-bedroom apartments on the second floor. Recently, the building received significant upgrades, including a new glass storefront and second-floor windows. Zoned Downtown Center 1: Main Street (DC-1), the property is situated in the heart of the Main Street district, where over 500 residential units are either proposed or under construction. With its high-profile location across from the Peconic River, 54 W Main Street is perfectly positioned within Riverhead’s flourishing downtown, benefitting from the area’s ongoing revitalization. This transformation is attracting new businesses and driving residential growth, making Riverhead a vibrant and desirable community. The property’s central location between the North and South Forks offers easy access to the Hamptons, North Fork wineries, and key local attractions like the Long Island National Golf Club and Briermere Farms, all just minutes away.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$329 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

DC-1

APN/PARCEL ID

0600-128-00-06-00-019-001

ASK ABOUT THIS PROPERTY

Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1232

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Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1232

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