Log In/Sign Up
Your email has been sent.
792 Harrison Ave 20,000 SF 100% Leased Office Building Riverhead, NY 11901 $7,200,000 ($360/SF) 8.21% Cap Rate
Investment Highlights
- ??Turn-key Investment - ?8,2% Cap Rate
- ?Below Market Rents - Clear Upside Potential
- ??Ideal for 1031 - ???IRS Qualified Opportunity Zone Property
- ??100% Leased – All Medical Tenants? - ??NNN Leases
- ?Strong Tenant Stability – Majority Are Original Tenants Since Construction
- ??Prime Locations - Minutes From Northwell Peconic Bay Medical Center?
Executive Summary
"When the premier regional hospital expands, the surrounding area flourishes.?"
Located minutes from Northwell’s Peconic Bay Medical Center, 792 Harrison Avenue is at the center of Riverhead’s accelerating healthcare corridor.? 20,000 sq.?ft.? 100% leased out.? NNN leases.? 8.2% Cap Rate.?
If you’re seeking a long-term, stable investment with real upside, this is your deal.? If you’re bottom-fishing for cheap deals, stop right here and please move on.?
Presenting 792 Harrison Avenue.? A 20,000-square-foot medical arts complex.? The majority of tenants have occupied their suites since construction, underscoring the building’s long-term financial stability.? All leases are triple net, tenants pay property taxes, insurance, and CAM.? Units are individually metered.? Parking is plentiful and conveniently located directly in front of each tenant.?
Riverhead’s expanding growth cycle supports long-term tenant stability, sustained demand, and rising property value.? Situated in one of the few IRS-designated Opportunity Zones on Long Island, ownership offers a rare chance to invest in a high-growth commercial corridor with powerful long-term capital-gains incentives.?
792 Harrison Avenue is positioned within the Route 58 corridor—the dominant healthcare, hospitality, retail, and commercial trade district serving all of eastern Long Island.? Riverhead is the gateway to both the North Fork and the Hamptons - the region’s central hub of commercial activity.?
The property is shown by appointment only.?
NDA and Proof of funds are required for additional tenant info.?
Located minutes from Northwell’s Peconic Bay Medical Center, 792 Harrison Avenue is at the center of Riverhead’s accelerating healthcare corridor.? 20,000 sq.?ft.? 100% leased out.? NNN leases.? 8.2% Cap Rate.?
If you’re seeking a long-term, stable investment with real upside, this is your deal.? If you’re bottom-fishing for cheap deals, stop right here and please move on.?
Presenting 792 Harrison Avenue.? A 20,000-square-foot medical arts complex.? The majority of tenants have occupied their suites since construction, underscoring the building’s long-term financial stability.? All leases are triple net, tenants pay property taxes, insurance, and CAM.? Units are individually metered.? Parking is plentiful and conveniently located directly in front of each tenant.?
Riverhead’s expanding growth cycle supports long-term tenant stability, sustained demand, and rising property value.? Situated in one of the few IRS-designated Opportunity Zones on Long Island, ownership offers a rare chance to invest in a high-growth commercial corridor with powerful long-term capital-gains incentives.?
792 Harrison Avenue is positioned within the Route 58 corridor—the dominant healthcare, hospitality, retail, and commercial trade district serving all of eastern Long Island.? Riverhead is the gateway to both the North Fork and the Hamptons - the region’s central hub of commercial activity.?
The property is shown by appointment only.?
NDA and Proof of funds are required for additional tenant info.?
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
Property Type
Office
Property Subtype
Medical
Building Size
20,000 SF
Building Class
B
Year Built
2009
Price
$7,200,000
Price Per SF
$360
Cap Rate
8.21%
NOI
$590,947
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
20,000 SF
Building FAR
0.20
Lot Size
2.30 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
125 Spaces (6.25 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Signage
- Wheelchair Accessible
- Outdoor Seating
- Air Conditioning
- Smoke Detector
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0600-108-00-04-00-004-000 | Improvements Assessment | $372,000 |
| Land Assessment | $17,900 | Total Assessment | $389,900 |
Property Taxes
Parcel Number
0600-108-00-04-00-004-000
Land Assessment
$17,900
Improvements Assessment
$372,000
Total Assessment
$389,900
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
792 Harrison Ave