1175 Main St Riverhead, NY 11901

This exceptional mixed-use property, located at 1175 W. Main St, Riverhead, NY 11901, presents a compelling redevelopment opportunity. The 5,614 square foot building, constructed in 1938, sits on a substantial 39,639 square foot lot and boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $55,000, representing a 3.68% cap rate. Currently configured as a single unit, the property is zoned RFC (Mixed Use), offering considerable flexibility for various business ventures. The building features convenient drive-in access. The asking price is $1,495,000, translating to $261.64 per square foot. This prime location on W. Main Street experiences high daily traffic volume, estimated at 15,000 cars, ensuring excellent visibility and accessibility. The property's strong financial performance, combined with its versatile zoning and strategic location within Suffolk County's thriving industrial corridor, makes it an ideal investment for owner-users seeking a functional space or investors looking for a solid return. This is a rare opportunity to acquire a well-established property with significant upside potential in a high-demand area.