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Best Deal On Main Street 230 W Main St 2,000 SF 100% Leased Office Building Riverhead, NY 11901 $698,000 ($349/SF)
Investment Highlights
- High Visibility 2-Story Building
- Ideal Location for Office, Cafe, Deli, Bakery, Salon, and more
- Vacant Lot Next Door is For Sale - Double the Yeild
- Close to Courts & County Center
- Residential Apartments on Second Floor - A Possiblity
Executive Summary
Professional 2-Story Office Building - The most affordable commercial building on Main St. Riverhead. Close to all - courts, restaurants, train, bus, riverfront parks, museums, aquarium, and more. Very near to the Town of Riverhead’s proposed Transit-Oriented Development - a mixed-use development of over 240 apartments. Zoning permits office, retail, restaurants, cafes, bakeries, ice cream parlors, personal service, art galleries, and more. FAR is 150%, which equals over 10,000 sq.ft. Permitted height would allow 3 stories. This extremely manageable building is perfect for an owner user. Use a portion of the building for your business and receive income from the balance of space. Excellent investment property. CONTIGUOUS LOT IS FOR SALE - See land listings - would double the yield.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,000 SF
Building Class
C
Year Built
1900
Price
$698,000
Price Per SF
$349
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
908 SF
Building FAR
0.29
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
Commercial - DC-3: Retail, Office, Food, Deli, Bakery, Personal Service, Townhouses...
Allowed Coverage 50% FAR 150%
Parking District, no on-site parking required.
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Walk Score®
Very Walkable (78)
Property Taxes
| Parcel Number | 0600-128-00-03-00-031-000 | Improvements Assessment | $17,000 |
| Land Assessment | $20,800 | Total Assessment | $37,800 |
Property Taxes
Parcel Number
0600-128-00-03-00-031-000
Land Assessment
$20,800
Improvements Assessment
$17,000
Total Assessment
$37,800
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East End Commercial Real Estate
Best Deal On Main Street | 230 W Main St
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