Income Producing Asset – This 26,235sf office building at 33 W 2nd Street offers a stabilized investment with a financially secure NNN tenant in place under a new 10-year lease. The property generates considerable NOI, providing investors with long-term returns. Currently single tenant, but easily converted to multi-tenant. The first floor consists of 17 offices, 5 conference rooms, 5 storage rooms, powder rooms, & vast foyers connecting the offices. The second floor East wing has 10 offices, a kitchen, copy room, powder rooms, & 5 storage rooms. The second floor West wing has 5 offices, powder room, copy room, and an open gallery. The lower level has 5 offices, a kitchen, & the remaining square footage is used for archives, copy room, mechanicals, & storage rooms. 

Prime Downtown Location – Located in the heart of historic downtown Riverhead, the 0.32-acre property sits across from Riverhead Town Hall, one block from Main Street, and half a block from the Suffolk County Supreme Court. Its position within the Village’s revitalization corridor ensures high visibility and strategic placement. Wide variety of redevelopment opportunities. 

Historic Charm, Modern Functionality – This architecturally distinctive building blends historic character with updated office infrastructure, like elevator access & fiber optic internet, appealing to businesses seeking both charm and practicality. 

Opportunity Zone Advantage – The property lies within Riverhead’s designated Opportunity Zone, offering potential tax benefits and long-term growth as the area continues to experience revitalization and economic development. 

High-Demand Office Space – The property’s size, prime location, and long-term tenant presence make it a rare investment in the East End’s limited office market, attracting attention from 1031 exchange buyers and long-term investors. 

Asking Price 

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Surrounding Businesses: RXR Riverhead Mixed Use Complex, M&T Bank, NYS Supreme Court, Riverhead Town Hall, Tweed’s Restaurant, North Fork Brewing Company, Suffolk Theatre, Star Confectionary 

Inquire with the Hamptons Commercial RE Team for additional information.