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Investment Highlights

  • The property sits on a 0.06-acre parcel and comprises +/- 2,025 SF of space.
  • ?The tenant is responsible for CAM, utilities, trash removal, and repairs & maintenance.
  • ?It is 100% occupied by Giacalone Insurance, a long-standing tenant that has operated at this location since 2006.
  • ?The property also benefits from municipal parking at both the front and rear.

Executive Summary

Marcus & Millichap is pleased to present the opportunity to acquire 61 E Main Street (the “Subject Property”), a retail asset located in the heart of Downtown Riverhead, NY.
The property sits on a 0.06-acre parcel and comprises +/- 2,025 SF of space. It is 100% occupied by Giacalone Insurance, a long-standing tenant that has operated at this location since 2006, underscoring the property’s stability and enduring appeal. The tenant is responsible for CAM, utilities, trash removal, and repairs & maintenance. The property also benefits from municipal parking at both the front and rear.
Strategically located within Riverhead’s walkable downtown, the Subject Property benefits from steady year-round foot traffic and immediate access to a diverse mix of local retailers, restaurants, service providers, and civic uses. The corridor is further energized by major visitor attractions such as the Long Island Aquarium, which draws hundreds of thousands of guests annually and reinforces Main Street as a true regional destination.
The area itself is experiencing notable reinvestment, with several new mixed-use and hospitality developments underway, adding residential density, activating the streetscape, and strengthening the long-term fundamentals of the district. This combination of daily-needs retail, tourism-driven activity, and ongoing public and private investment underscores the enduring stability and appeal of the location.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
2,025 SF
Building Class
C
Year Built
1940
Price
$975,000
Price Per SF
$481.48
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,025 SF
Building FAR
0.08
Lot Size
0.60 AC
Opportunity Zone
Yes
Zoning
8 - Multi-Use
Parking
15 Spaces (3.91 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
0600-128-00-06-00-074-000
Land Assessment
$57,000
Improvements Assessment
$60,800
Total Assessment
$117,800
  • Listing ID: 41096402

  • Date on Market: 6/29/2026

  • Last Updated:

  • Address: 61 E Main St, Riverhead, NY 11901

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