9% Cap Rate Investment Opportunity with Financially Strong NNN Tenant in Place!

For Sale

33 W 2nd Street, Riverhead, NY 11901

This Riverhead property for sale is located at 33 W 2nd Street. The general use of 9% Cap Rate Investment Opportunity with Financially Strong NNN Tenant in Place! is office and it incorporates 26,235 square feet of class B office space. Contact the listing broker for details on the current sale price for 9% Cap Rate Investment Opportunity with Financially Strong NNN Tenant in Place!. 9% Cap Rate Investment Opportunity with Financially Strong NNN Tenant in Place! is situated on a lot that is 0.42 acre in size.

Contacts

broker

Christopher Pesce

Douglas Elliman Commercial - Long Island

Property Details

  • Property Type Office - General Office
  • Property Size 26,235 SF
  • Lot Size 0.42 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 13
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1920
  • Year Renovated 1996
  • Date Updated Nov 8, 2024
Historic downtown Riverhead (DTR) blends past and future. Prominent architecture melds into the East End of Long Island’s most Metropolitan-like setting. The Peconic River serves as a beautiful backdrop to the downtown area, lending itself to the newly refurbished town park and outdoor events. Established in 1792, there is diversity in its art, culture, and community that has been carried into the modern day. A transportation and growing tourism hub, DTR has become a place to eat, play, work, and stay for businesses and residents.Calling all investors and 1031 Exchange buyers! Great Income Producing 9% Cap Rate Investment Opportunity with Financially Strong NNN Tenant in Place with new 10 year lease! +/- 26,235 SF Elevator Office Building for Sale with 50 year old company with long term lease! This property is located in the heart of Historic Downtown Riverhead, NY across from Town Hall, 1/2 a block from Suffolk County Supreme Court and just one block from Main Street! This is a one of a kind opportunity, there are not many office buildings in this style of architecture and size. Contact us for more information!

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Highlights

  • Great 9% Cap Investment Opportunity with Strong Tenant with 10 Year Lease!
  • Building and Grounds are Well Maintained
  • Located in the Heart of Downtown Riverhead

Getting around

  • 82/100

    Walk Score ®

  • 59/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Riverhead, NY
  • Zip Code 11901
  • Market Long Island

Points of Interest

  • Westhampton

    6.13 miles

  • Westhampton Platform

    6.13 miles

  • Speonk Platform

    7.04 miles

  • Speonk Train Station

    7.04 miles

  • Hampton Bays Platform

    7.84 miles

  • Hampton Bays

    7.85 miles

  • Hampton Bays Ramp

    7.86 miles

  • Mattituck

    8.40 miles

  • Mobil

    0.37 miles

  • BP

    0.47 miles

  • BJ’s Gas

    1.13 miles

  • Empire

    1.17 miles

  • Speedway

    1.17 miles

  • Citgo

    1.27 miles

  • Costco Gasoline

    2.22 miles

  • Exxon

    4.20 miles

  • Hyatt parking

    0.41 miles

  • Rogers Beach

    8.45 miles

  • Sandbar Beach Parking

    9.28 miles

  • Preston House & Hotel

    0.38 miles

  • Hyatt Place

    0.43 miles

  • Swiss Motel

    1.52 miles

  • Greenview Inn

    1.90 miles

  • Holiday Inn Express & Suites

    1.97 miles

  • Residence Inn

    2.72 miles

  • Hilton Garden Inn

    2.77 miles

  • Hotel Indigo

    2.95 miles

  • Aqua by American Beech

    3.55 miles

  • Shorewood Inn

    4.40 miles

  • Riverhead Supermarket & Deli

    0.84 miles

  • Gala Fresh Farms

    1.07 miles

  • Big Lots

    1.08 miles

  • Lidl

    1.09 miles

  • Target

    1.34 miles

  • Stop & Shop

    1.75 miles

  • ShopRite

    1.79 miles

  • ALDI

    2.00 miles

  • Marshalls

    2.25 miles

  • Walmart

    2.52 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Christopher Pesce

Douglas Elliman Commercial - Long Island