61 E Main St, Riverhead, NY — Sale in Riverhead, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Riverhead, NY

Photos

61 E Main St, Riverhead, NY — Sale in Riverhead, NY, photo 1 of 2
61 E Main St, Riverhead, NY — Sale in Riverhead, NY, photo 2 of 2

Investment Figures

Cap rate
4.90%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus?&?Millichap is pleased to present the opportunity to acquire 61?E?Main?Street (the “Subject?Property”), a retail asset located in the heart of Downtown?Riverhead,?NY. The property sits on a 0.06-acre parcel and comprises +/- 2,025?SF of space. It is 100%?occupied by Giacalone?Insurance, a long-standing tenant that has operated at this location since 2006, underscoring the property’s stability and enduring appeal. The tenant is responsible for CAM, utilities, trash?removal, and repairs?&?maintenance. The property also benefits from municipal parking at both the front and rear. Strategically located within Riverhead’s walkable downtown, the Subject Property benefits from steady year-round foot traffic and immediate access to a diverse mix of local retailers, restaurants, service providers, and civic uses. The corridor is further energized by major visitor attractions such as the Long Island Aquarium, which draws hundreds of thousands of guests annually and reinforces Main Street as a true regional destination. The area itself is experiencing notable reinvestment, with several new mixed-use and hospitality developments underway, adding residential density, activating the streetscape, and strengthening the long-term fundamentals of the district. This combination of daily-needs retail, tourism-driven activity, and ongoing public and private investment underscores the enduring stability and appeal of the location. Investment Highlights: • The property sits on a 0.09-acre parcel and comprises +/- 2,025?SF of space. • It is 100%?occupied by Giacalone? Insurance, a long-standing tenant that has operated at this location since 2006. • The tenant is responsible for CAM, utilities, trash?removal, and repairs? &? maintenance. • The property also benefits from municipal parking at both the front and rear.

Market Context

This retail in Riverhead, NY is listed for sale. It is offered at an approximate 4.9% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Riverhead, NY — view the full market.

Contact

  • Mike Tuccillo

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