55 Hudson Ave Freeport, NY 11520
- Retail space
- 50,000 SF
- 1.15 lot acres
Current Use by Public Records
- Bankruptcy Auction / Auction House
Property Details for 55 Hudson Ave
- Lot size
- 1.15 lot acres
- Property size
- 50,000 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional 1.148-acre waterfront property at 55 Hudson Ave, Freeport, NY, 11520, presents a unique redevelopment opportunity. Zoned Marine/Industrial, this vacant lot offers significant potential for various commercial ventures. The 50,000 square foot site boasts dimensions of approximately 400 feet long by 125 feet wide, and is situated between two marinas, across from residential homes, and directly across the canal from a large condo development. Its prime location offers easy access to Jones Beach Inlet (3 miles away) and Jones Inlet Marina. The property is currently cleared and fenced, featuring a new 6-foot gated fence. While the property requires a new bulkhead, permits have already been filed. The asking price is $1,999,999 ($40/sq ft). The lot is currently under a ground lease, with ownership held by 55 Hudson Freeport LLC. The occupancy date is October 25, 2024. Taxes are currently under appeal. This is an unparalleled chance to develop a thriving commercial enterprise in a highly desirable waterfront location. The existing variances and unlimited building potential make this a truly exceptional investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Freeport
- County
- Nassau
- State
- New York
- Longitude
- -73.57752054539
- Latitude
- 40.637276637449
