1175 W Main St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1175 W Main St
5,614 SF Flex Building Riverhead, NY 11901 $1,967,448 CAD ($350 CAD/SF) 9.02% Cap Rate
Investment Highlights
- Calling All Investors, Developers, End-Users & Restauranteurs!!! 5,600+ Sqft. Restaurant/Warehouse With HUGE Parking Lot For Sale!!!
- The Property Is Located In The Heart Of Riverhead Minutes From Tanger Outlets, Riverhead Raceway & Splish Splash!!!
- The Entire Property Can Be Delivered Vacant!!!
- The Property Features Excellent Signage, Great Exposure, High 16’ Ceilings, 58 Parking Spaces, 223’ Of Frontage, Strong RFC Zoning, +++!!!
- Neighbors Include Toyota, Nike, Walmart, Costco, The Home Depot, Target, Lowe’s Home Improvement, CubeSmart Self Storage, +++!!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers, End-Users & Restauranteurs!!! 5,600+ Sqft. Restaurant/Warehouse With HUGE Parking Lot For Sale!!! The Property Features Excellent Signage, Great Exposure, High 16’ Ceilings, 58 Parking Spaces, 223’ Of Frontage, Strong RFC Zoning, Outdoor Seating, 4 Skylights, Low Property Taxes, Strategically Placed Curb Cut, 2 Warehouse Bays, Office Area, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Riverhead Minutes From Tanger Outlets, Riverhead Raceway & Splish Splash!!! The Property Has Been Home To A Successful Restaurant For 23+ Years!!! Neighbors Include Toyota, Nike, Walmart, Costco, The Home Depot, Target, Lowe’s Home Improvement, Riverhead Building Supply, CubeSmart Self Storage, Marshalls, HomeGoods, Mattress Firm, IHOP, +++!!! The Entire Property Can Be Delivered Vacant!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!!
Income:
Restaurant: $90,000 Ann. (Available)
Rear Office: $36,000 Ann. (Available)
Parking: $18,000 Ann. (Available)
Pro Forma Gross Income: $144,000 Ann.
Expenses:
Insurance: $2,843 Ann.
Maintenance & Repairs: $250 Ann.
Taxes: $15,662.18 Ann.
Total Expenses: $18,755.18 Ann.
Pro Forma Net Operating Income (NOI): $125,244.82 Ann.
Income:
Restaurant: $90,000 Ann. (Available)
Rear Office: $36,000 Ann. (Available)
Parking: $18,000 Ann. (Available)
Pro Forma Gross Income: $144,000 Ann.
Expenses:
Insurance: $2,843 Ann.
Maintenance & Repairs: $250 Ann.
Taxes: $15,662.18 Ann.
Total Expenses: $18,755.18 Ann.
Pro Forma Net Operating Income (NOI): $125,244.82 Ann.
Financial Summary (Pro forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$204,116
|
$36.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$204,116
|
$36.36
|
| Taxes |
$22,200
|
$3.95
|
| Operating Expenses |
$4,384
|
$0.78
|
| Total Expenses |
$26,585
|
$4.74
|
| Net Operating Income |
$177,531
|
$31.62
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $204,116 |
| Annual Per SF | $36.36 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $204,116 |
| Annual Per SF | $36.36 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,200 |
| Annual Per SF | $3.95 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $4,384 |
| Annual Per SF | $0.78 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $26,585 |
| Annual Per SF | $4.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $177,531 |
| Annual Per SF | $31.62 |
Property Facts
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Freezer (Space)
- Restaurant
- Security System
- Signage
- Skylights
- Yard
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 0600-125-00-02-00-025-002 | Total Assessment | $112,846 CAD (2023) |
| Land Assessment | $68,977 CAD (2023) | Annual Taxes | $22,200 CAD ($3.95 CAD/SF) |
| Improvements Assessment | $43,869 CAD (2023) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0600-125-00-02-00-025-002
Land Assessment
$68,977 CAD (2023)
Improvements Assessment
$43,869 CAD (2023)
Total Assessment
$112,846 CAD (2023)
Annual Taxes
$22,200 CAD ($3.95 CAD/SF)
Tax Year
2025
zoning
| Zoning Code | RFC (Riverfront Corridor) |
| RFC (Riverfront Corridor) |
-
Matthew Shane -
All Island Commercial
1 of 22
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1175 W Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.