395 Woodcleft Ave, Freeport, NY 11520-6339
This exceptional 19,000+ square foot mixed-use property in Freeport, NY, presents a remarkable investment opportunity. Located on the Nautical Mile, this bayfront event venue boasts prime visibility and accessibility. The property features a spacious 110-car private parking lot, supplemented by 80 municipal spaces, ensuring ample parking for large events. The building itself includes a full commercial kitchen, indoor and outdoor seating areas, a 7,500 square foot rooftop area, and a 4,000 square foot covered patio. High 30-foot ceilings create a dramatic atmosphere, while modern amenities such as an elevator, ramp, sprinklers, accessible bathrooms and parking, and a lift enhance functionality. Strategically placed curb cuts improve traffic flow. The property benefits from 3-phase 800-amp power and all new LED lighting, along with central air conditioning. The five lots are zoned for multi-purpose use, allowing for diverse development possibilities. The property's location is unparalleled, situated near major retailers including Home Depot, Target, Best Buy, and numerous restaurants, ensuring high foot traffic and visibility. With a capacity for 1,500 people, this venue is ideal for large-scale events. Annual property taxes are $102,676.74. This property offers significant upside potential for investors, developers, and end-users alike.
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Cardtronics ATM Atm
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.