33 W 2nd Street, Riverhead, NY

Name: 33 W 2nd Street, For Sale in Riverhead - eXp Realty
Brand: COMPASS Greater NY LLC
SKU: 973528
Price: 6950000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$6,950,000

000

MLS® 973528

Key Facts
Description
Map

Key Facts

Type Business

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes $43,972

Days Active 0

Approx. Age 1920

MLS® Number 973528

Property Address: 33 W 2nd Street, Riverhead, NY, 11901

Average square foot calculated using Size range provided by listing agent.

Description

NNN Investment Sale - 8 CAP Sale-Leaseback Which is the Highest on the Entire East End. Institutional-Grade Credit Tenant in a Key Riverhead Opportunity Zone. Best-in-Class NNN Yield With Credit Tenancy – This 26, 235sf office building offers a stabilized sale-leaseback with a credit tenant in place under a new 10-year NNN lease, delivering an approximate 8 CAP - a yield profile that is exceptionally rare across the East End. The tenancy is stable and self-servicing, creating a true hands-off ownership opportunity with landlord responsibilities minimized by full NNN expense coverage. Currently single-tenant, the building also presents long-term flexibility to convert to multi-tenant if desired thanks to two separate tax parcels. Expanded twice over time, the structure provides a vast and differentiated layout: the first floor and two second-floor wings include private offices, conference rooms, kitchens, waiting areas, foyers, and open workspaces, while a full egress basement supports additional office/storage, archives, mechanicals, and a kitchen. Durable Building Infrastructure Supporting Long-Term Occupancy – An architecturally distinctive asset that blends historic character with modern systems, including elevator access, sprinklers, and preventative maintenance - supporting tenant retention and institutional-grade functionality. Downtown Riverhead Location With Civic Anchors – Positioned in the heart of Riverhead’s historic downtown on 0.32 acres, directly across from Town Hall, one block from Main Street, and half a block from the Suffolk County Supreme Court. The setting reinforces long-term relevance and supports future upside as the downtown corridor continues to evolve. Opportunity Zone Upside – Located within Riverhead’s designated Opportunity Zone - providing potential tax-advantaged considerations and appreciation leverage tied to ongoing revitalization and investment activity. Scarce East End Investment Format With Liquidity Appeal – A long-term NNN sale-leaseback at an approximate 8 CAP is virtually unmatched in the Hamptons/East End investment landscape, making this offering especially compelling for 1031 exchange buyers, passive investors, and groups seeking predictable income with minimal management burden.

MLS® Number973528

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1920

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 18, 2026List Date

$6,950,000List Price

Commute

Commute

Starting Address

Destination Address

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