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    Property profile & analytics
    OFF-MARKET Estimated value $675,000
    Turn key restaurants

    395 Woodcleft Ave, Freeport, NY 11520-6339

    6,486 SF 0.47 ac lot Built 2013
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US63-3523047
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2013
    Construction FRAME
    Total area 6,486 SF
    Lot 0.47 ac (20,386 SF)
    APN 62-177-00-0520
    UPID US63-3523047
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Bayview Catering on the Water Venue Take-out & Catering Catering Service
    • Waterview Restaurant Restaurant
    • Cardtronics ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $675k
    Owner & transaction history
    395 Woodcleft Holding LLC · 10 yrs held
    395 Woodcleft Holding LLC
    since 2016
    5 recorded transactions
    2016
    $1.4M
    2012
    $1.5M
    1998
    $890,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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