87 E Main St - Restaurant FOR SALE


Riverhead, NY 11901- Downtown Riverhead
$950,000 USD
631-858-2460
87 E Main St, Riverhead, NY for Sale
$950,000 USD
Restaurant - FOR SALE
1/4
null | Request Cap Rate

87 E Main St
Riverhead, NY 11901
Downtown Riverhead


OVERVIEW

PRIME INVESTMENT OPPORTUNITY | Fully Leased Ben & Jerry’s 10-Year NNN Lease (June 2025–June 2035) A rare opportunity to purchase a fully leased property in the heart of Downtown Riverhead—one of the most active and rapidly expanding markets on Long Island. The property is currently leased to Ben & Jerry’s, which signed a 10-year NNN lease beginning June 2025 and running through June 2035, providing a stable, long-term investment with minimal landlord responsibilities. The tenant remains in place with nine years of term remaining. Downtown Riverhead continues to experience significant revitalization, with more than 120 apartments under construction or in the approval pipeline just a few blocks away. The property is also steps from the new Hyatt Hotel (which does not offer a full-service restaurant) and close to major attractions including the Long Island Aquarium, Long Island Science Center, Suffolk County Historical Society, Long Island Railroad Museum, and the newly expanded Suffolk County Courts—driving consistent daily foot traffic from visitors, families, jurors, and attorneys. The sale includes all fixtures, equipment, business components, inventory, deed, and keys, offering a seamless transition for an investor seeking a reliable, income-producing asset in a thriving downtown corridor. A solid, long-term investment opportunity backed by a nationally recognized tenant.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$528 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1932

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

8

APN/PARCEL ID

0600-128-00-06-00-078-001

ASK ABOUT THIS PROPERTY

Michael MurphyDouglas Elliman CommercialMore Info
631-858-2460

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Michael MurphyDouglas Elliman CommercialMore Info
631-858-2460

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