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Iconic Waterfront Restaurant Opportunity
For Sale
$2,750,000

271 Woodcleft Avenue, Freeport, NY 11520

Long-standing Freeport restaurant with indoor, outdoor seating and docking.

Property SizeContact for details
Days on Market123

Property Features for 271 Woodcleft Avenue

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $17,206

Building Details

Stories 2
Listing Agency: True North Realty Luxury Homes
Listed By: Jordan Ward (jlw42996@me.com)
Source: Iaquintarealestate
Added: Apr 24 Changed: Aug 23 Last Checked: Aug 23 at 10:28AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of True North Realty Luxury Homes

Investment Insights

Based on property information with market context.

This is a waterfront restaurant property in Freeport, with a history spanning 98 years. The main establishment has seating for 150 patrons indoors, complemented by an outdoor deck that accommodates an additional 150 guests. The property includes a fully equipped main commercial kitchen, plus a secondary snack bar kitchen. There are also three full-service bars. Recent improvements include a completely rebuilt rear deck with new pilings (2025), a new epoxy kitchen floor installed in 2023, an upgraded 100-gallon hot water heater elevated 6ft, and a roof approximately 5 years old. The property has docking space for customers, with potential for additional dock rental income. An upstairs suite features 3 large rooms, 1 smaller room, and a bathroom, currently used as office space, with potential for additional rental revenue. A massive parking lot is available as a separate listing. The parking lot includes a building with a 2-bedroom apartment upstairs, and a downstairs garage optimized with a laundry room, an extra-large walk-in refrigerator, and an extra storage room.

Key Highlights

  • Iconic waterfront restaurant location with nearly a century of proven success.
  • Massive capacity: seating for 150 indoors and 150 outdoors on a new deck (rebuilt 2025).
  • Fully equipped main commercial kitchen plus a secondary snack bar kitchen and three full‑service bars.

Property Analytics

Current Use

Otto's Sea Grill Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

379
Businesses Nearby
Under-served
Demand for This Use

Demographics for 11520, NY

45,121
Population
14,912
Households
3
Avg Household Size
39
Median Age
27%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
8,847
Density / Sq Mi
$119,407
Median Household Income
$47,475
Median Earnings
$1,984
Median Rent
$480,600
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Long-standing Freeport restaurant with indoor, outdoor seating and docking.
Where is this conventional restaurant located?
The property is located at 271 Woodcleft Avenue Freeport, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Iconic waterfront restaurant location with nearly a century of proven success.; Massive capacity: **seating for 150 indoors and 150 outdoors** on a new deck (rebuilt 2025).; Fully equipped main commercial kitchen plus a secondary snack bar kitchen and three full‑service bars.
More about this property
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