The Offering
Cushman & Wakefield has been exclusively retained to market for sale 54 W Main Street in Riverhead, NY. This prime mixed-use retail and residential property encompasses a two-story, 4,843 SF building situated on a 3,920 SF lot, strategically positioned at the gateway to Downtown Riverhead.
Current ownership has secured architectural plans \ for a future owner to reposition the ground-floor retail space and add two apartments on the second floor. Located in an opportunity zone, this project benefits from direct access to public utilities, including sewer, water, gas, and electricity.
The property currently features a 3,800 SF retail suite on the ground floor, previously occupied by a restaurant, and two one-bedroom apartments on the second floor. Recently, the building received significant upgrades, including a new glass storefront and second-floor windows. Zoned Downtown Center 1: Main Street (DC-1), the property is situated in the heart of the Main Street district, where over 500 residential units are either proposed or under construction.
With its high-profile location across from the Peconic River, 54 W Main Street is perfectly positioned within Riverhead’s flourishing downtown, benefitting from the area’s ongoing revitalization. This transformation is attracting new businesses and driving residential growth, making Riverhead a vibrant and desirable community. The property’s central location between the North and South Forks offers easy access to the Hamptons, North Fork wineries, and key local attractions like the Long Island National Golf Club and Briermere Farms, all just minutes away.
