Freeport Commercial Building For
312-314 Woodcleft Ave, Freeport, NY 11520
Versatile commercial building suitable for retail, warehouse, or automotive uses.
Type:Commercial
Property size:
5,600 SFLot size:
0.24 AcresPrice / SF:
$303/SF- Added:
- May 19, 2026
- Days on Market:
- 9
- Last Refresh:
- May 19 at 7:07 am
Property Features for 312-314 Woodcleft Ave
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Lot size
- 0.24 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing agent Paul Conforti License #10301201366 (516) 322-3138
Listing office Douglas Elliman Real Estate (516) 322-3138
Listing date May 19, 2026
Source Elliman
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 Douglas Elliman Real Estate
HighLights
- Extensively renovated, free‑standing commercial building with approximately 5,600 sq ft of interior space on a 10,500 sq ft lot.
- Versatile space suitable for retail, warehouse, automotive sales/repair, marine‑related sales, and other commercial uses (subject to zoning).
- Features a 13.5‑foot drive‑in door and ceiling heights ranging from 14 to 25 feet.
- Includes approximately 5,700 sq ft of parking/storage area.
- Offers the potential to be divided into two separate units.
- Conveniently located near major roadways, waterfront destinations, and local business amenities; Very Walkable (walkScore: 75).
Overview
The property at 314 Woodcleft Ave in Freeport is a free-standing commercial building with approximately 5,600 sq ft of interior space on a 10,500 sq ft lot. Constructed in 1986 and extensively renovated, the property is currently owner-occupied as an automotive sales and repair facility. It features two 200-amp electric services, two gas meters, and three separate heating zones. The interior includes two bathrooms, two private offices, a kitchenette, and a reception area. A 13.5-foot drive-in door provides access to the interior, which has ceiling heights ranging from approximately 14 to 25 feet. The property also includes approximately 5,700 sq ft of parking and storage area. The building has the potential to be divided into two separate units. Suitable uses may include retail, warehouse, marine-related sales, automotive sales, equipment sales, and service-related businesses. The location is near major roadways, waterfront destinations, and local business amenities.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.23M
NOI $110,897 @ 9.00% cap · cautious / downside scenario
Moderate
$1.58M
NOI $110,897 @ 7.00% cap · market / base-case scenario
Aggressive
$2.22M
NOI $110,897 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.0k | $30.00 |
| − Vacancy | −$9.6k | −$1.71 |
| EGI | $158.4k | $28.29 |
| − OpEx | −$47.5k | −$8.49 |
| NOI | $110.9k | $19.80 |
5,600 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.58M
$1.39M – $1.85M
NOI $110,897 @ 7.0% cap · market cap 6.52%
Second Best
Warehouse
$1.39M
$1.22M – $1.62M
NOI $97,317 @ 7.0% cap · market cap 5.72%
Theoretical Best
Specialty Retail
$3.70M
$3.24M – $4.32M
NOI $259,182 @ 7.0% cap · market cap 15.25%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Automotive properties
Location Insight
- Map
- Local Demand
- City
- Freeport
- County
- Nassau
- State
- New York
- Longitude
- -73.581726
- Latitude
- 40.631904
Nearby Similar for Sale
FAQs
What type of property is this?
Automotive property - Versatile commercial building suitable for retail, warehouse, or automotive uses.
Where is this automotive property located?
The property is located at 312-314 Woodcleft Ave Freeport, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Extensively renovated, free‑standing commercial building with approximately 5,600 sq ft of interior space on a 10,500 sq ft lot.; Versatile space suitable for retail, warehouse, automotive sales/repair, marine‑related sales, and other commercial uses (subject to zoning).; Features a 13.5‑foot drive‑in door and ceiling heights ranging from 14 to 25 feet.
