19 Suffolk St Freeport, NY 11520-6331
This exceptional commercial property, located at 19 Suffolk Street in Freeport, NY, presents a unique investment opportunity. Situated a short distance from the renowned nautical mile, this property boasts a prime location zoned for marine industrial use. The existing structure, completely rebuilt ten years ago following Hurricane Sandy, offers a versatile space ideal for a variety of businesses. The building includes a substantial first-floor storage area, currently unfinished, providing ample space for inventory, equipment, or materials. The property also features twenty parking spaces, a significant asset for any commercial enterprise. Adding to its appeal is an included residential rental unit, generating potential supplemental income. The building's zoning allows for a wide range of uses, including the sale, display, storage, repair, and maintenance of boats, as well as the operation of a fish market, restaurant, bar, grill, or various retail and service businesses. The office space comprises 50% of the building's total area, and the property is currently fully occupied. This property offers a blend of established infrastructure and significant potential for growth, making it an attractive investment in a thriving waterfront community. The property's recent reconstruction ensures modern building standards and long-term durability. With its strategic location and diverse usage possibilities, this property is poised for continued success.
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* Indicates required fields General Contractor
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Ben's General Contracting Corporation Construction Company General Contractor
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Ben's General Contracting Corp Construction Company General Contractor
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REDLINE SERVICE CORPORATION Auto Repair Shop
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Triton Materials General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.