40 E Main St - Restaurant FOR SALE


Riverhead, NY 11901- Downtown Riverhead
$1,040,000 USD
212-430-5196
40 E Main St, Riverhead, NY for Sale
$1,040,000 USD
Restaurant - FOR SALE
1/4
null | Request Cap Rate

40 E Main St
Riverhead, NY 11901
Downtown Riverhead


HIGHLIGHTS

  • The property is situated on a 0.07-acre parcel and comprises approximately +/-4,073 square feet of well-configured commercial space.
  • It is currently leased to Haiku Sushi and Olga’s, providing stable in-place income and a diversified tenant mix.
  • The asset further benefits from direct access to municipal parking located immediately behind the building.

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire 40 E Main Street (the “Subject Property”), a fully occupied retail asset strategically positioned in the heart of Downtown Riverhead, NY. The property is situated on a 0.07-acre parcel and comprises approximately +/-4,073 square feet of well-configured commercial space. It is currently leased to Haiku Sushi and Olga’s, providing stable in-place income and a diversified tenant mix. The asset further benefits from direct access to municipal parking located immediately behind the building—an increasingly valuable amenity within the walkable downtown core. Located along Riverhead’s primary commercial corridor, the Subject Property is surrounded by a robust concentration of regional demand drivers. Nearby retail anchors include Riverhead Centre, Tanger Outlets Riverhead, The Shops at Riverhead, and the Route 58 big-box corridor, home to nationally recognized retailers such as Costco, Home Depot, Walmart, and BJ’s Wholesale Club. The area’s economic base is further reinforced by major institutional anchors, including Peconic Bay Medical Center, the Riverhead Central School District, and a network of parks, trails, and recreational amenities along the Peconic Riverfront. With immediate connectivity to County Road 58, Sunrise Highway, and the Long Island Expressway, the property offers exceptional regional accessibility and is well-positioned to benefit from Riverhead’s continued growth, strengthening urban fabric, and rising residential and commercial demand. This combination of stable tenancy, irreplaceable Main Street positioning, and proximity to major economic drivers makes 40 E Main Street a compelling retail investment opportunity in one of Long Island’s most active and evolving downtown districts.

FOR SALE DETAILS

PRICE

$1,040,000 USD

PRICE/SF

$443 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Peconic Ave

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

DC1

APN/PARCEL ID

0600-128-00-06-00-049-002

ASK ABOUT THIS PROPERTY

Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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Michael TuccilloMarcus & MillichapMore Info
212-430-5196

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.