792 Harrison AveRiverhead, NY 11901

Property Details for 792 Harrison Ave

Year built

2009

Lot size

2.30 AC

Property size (Sq ft)

20,000 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a 20,000-square-foot medical office complex situated on a 2.3-acre lot in Riverhead, New York. The property, built in 2009, consists of two single-story buildings and boasts a remarkable 8.26% cap rate, generating a substantial net operating income (NOI) of $561,817. Currently 100% leased with a diverse mix of medical tenants, many of whom have been long-term occupants, this property offers significant upside potential due to below-market rents. The property features ample parking directly in front of each office suite, all located on the ground floor for convenient access. Its prime location near Peconic Bay Medical Center, part of Northwell Health, ensures high visibility and strong tenant demand. Further enhancing its appeal, this property is designated as an Opportunity Zone property, making it an attractive option for 1031 exchanges and other qualified investors. The asking price is $6,800,000, translating to $340 per square foot. All leases are NNN (Net, Net, Net), minimizing landlord responsibilities. Proof of funds and a non-disclosure agreement are required for access to tenant information. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location.

Location Insight

City

Riverhead

County

Suffolk

State

New York

Latitude

40.9293

Longitude

-72.679

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].