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9.2% Cap Rate - Opportunity Zone Property 169 Roanoke Ave 2,572 SF 100% Leased Office Building Riverhead, NY 11901 $995,000 ($386.86/SF) 9.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Charming 1928 Historic Fully Renovated Building
- 9.2% Cap Rate
- Close to Courts, Restaurants, Shops, Attractions
- Fully Leased Out
- Private Parking Lot, plus Next to Municipal Parking
- Zoning Allows For a Multi-Story Apartment Building
EXECUTIVE SUMMARY
Delightful Historic Building located in the heart of Downtown Riverhead. 100% Leased. Divided into professional offices, plus separate residential apartment with own entrance. Completely renovated in 2023, everything is in "as new condition."
City Water / City Sewer.
Call to make an appointment. Showing by appointment only.
City Water / City Sewer.
Call to make an appointment. Showing by appointment only.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,572 SF
Building Class
B
Year Built/Renovated
1928/2023
Price
$995,000
Price Per SF
$386.86
Cap Rate
9.20%
NOI
$91,517
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,132 SF
Building FAR
0.37
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
DC-3 - Permitted Uses:
Professional Offices
Apartments
Townhouses
Retail
Restaurant
Bank
Personal Service
Art galleries
Bed & Breakfast (SP)
Hotels (SP)
Parking
7 Spaces (2.72 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Floor
- 170 SF
- Office
- Full Build-Out
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 170 SF | Office | Full Build-Out | 30 Days |
1st Floor
| Size |
| 170 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 0600-128-00-06-00-012-001 | Improvements Assessment | $33,300 (2024) |
| Land Assessment | $25,200 (2024) | Total Assessment | $58,500 (2024) |
PROPERTY TAXES
Parcel Number
0600-128-00-06-00-012-001
Land Assessment
$25,200 (2024)
Improvements Assessment
$33,300 (2024)
Total Assessment
$58,500 (2024)
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East End Commercial Real Estate
9.2% Cap Rate - Opportunity Zone Property | 169 Roanoke Ave
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