“When the premier regional hospital expands, the surrounding area flourishes.”
Located minutes from Northwell’s Peconic Bay Medical Center, 792 Harrison Avenue is at the center of Riverhead’s accelerating healthcare corridor. 20,000 sq.ft. 100% leased out. NNN leases. 8.2% Cap Rate.
If you’re seeking a long-term, stable investment with real upside, this is your deal. If you’re bottom-fishing for cheap deals, stop right here and please move on.
Presenting 792 Harrison Avenue. A 20,000-square-foot medical arts complex. The majority of tenants have occupied their suites since construction, underscoring the building’s long-term financial stability. All leases are triple net, tenants pay property taxes, insurance, and CAM. Units are individually metered. Parking is plentiful and conveniently located directly in front of each tenant.
Riverhead’s expanding growth cycle supports long-term tenant stability, sustained demand, and rising property value. Situated in one of the few IRS-designated Opportunity Zones on Long Island, ownership offers a rare chance to invest in a high-growth commercial corridor with powerful long-term capital-gains incentives.
792 Harrison Avenue is positioned within the Route 58 corridor, the dominant healthcare, hospitality, retail, and commercial trade district serving all of eastern Long Island. Riverhead is the gateway to both the North Fork and the Hamptons – the region’s central hub of commercial activity.
The property is shown by appointment only.
NDA and Proof of funds are required for additional tenant info.
| Price: | 7,200,000 |
| Address: | 792 Harrison, Ave |
| City: | Riverhead |
| County: | Suffolk |
| State: | New York |
| Zip Code: | 11901 |
| MLS: | 64767C1787348243918 |
| Square Feet: | 20,000 |
