Entity Owned Property summary
This exceptional Freeport, NY retail property presents a unique investment opportunity. Located at 197 N Main St, this fully occupied building boasts two strong tenants: a restaurant and a bakery, ensuring consistent cash flow. The restaurant operates under a newly signed 5-year lease, providing immediate and predictable income. The bakery has committed to a long-term 10-year lease, offering further stability and security for the investor. This is a truly passive investment, as the… landlord's responsibilities encompass all property taxes, insurance, water expenses, and crucial structural repairs, including roof maintenance. The property itself sits on a conveniently sized 0.06-acre lot (2,400 square feet), offering ample space. Adding to the property's value is a substantial 900-square-foot basement, providing significant storage or potential for expansion, and a 900-square-foot yard. The asking price for this turnkey investment is $549,000, representing a compelling return on investment given the long-term leases and minimal landlord responsibilities. This is an ideal opportunity for investors seeking a low-maintenance, high-yield property in a desirable location. The property's strong tenant occupancy and long-term lease agreements minimize risk and maximize potential for passive income generation. Don't miss this chance to acquire a stable and profitable retail investment in the thriving Freeport market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 11 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 13 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 900 SF
- Lot area
- 0.06 ac
- Year built
- 1922
- Stories
- 1
- APN
- 55-261-00-0039
- Assessed value · 2023
- $2,401
- Annual tax · 2023
- $8,347
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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