Professional 2-Story Office Building - The most affordable commercial building on Main St. Riverhead. Close to all - courts, restaurants, train, bus, riverfront parks, museums, aquarium, and more. Very near to the Town of Riverhead’s proposed Transit-Oriented Development - a mixed-use development of over 240 apartments.
Zoning permits office, retail, restaurants, cafes, bakeries, ice cream parlors, personal service, art galleries, and more. FAR is 150%, which equals over 10,000 sq.ft. Permitted height would allow 3 stories.
This extremely manageable building is perfect for an owner user. Use a portion of the building for your business and receive income from the balance of space.
Excellent investment property.
CONTIGUOUS LOT IS FOR SALE - will double yield. ML#925941.
230 W Main Road, Riverhead, NY, 11901
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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