For Sale
$3,100,000

23 Woodcleft Ave Freeport, NY 11520

Profitable Freeport eatery, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fee-simple ownership of a thriving, 6,910 square foot restaurant and bar situated on Freeport's Nautical Mile at 23 Woodcleft Ave, Freeport, NY 11520. The property, built in 2003, boasts a Class B designation and features three stories within a 9,100 square foot lot. Currently operating at 100% occupancy, this single-tenancy establishment generates a substantial net operating income (NOI) of $168,000, yielding a compelling 5.42% cap rate. The asking price is $3,100,000. The property is zoned for commercial use and benefits from the security of a triple-net (NNN) lease. Outdoor seating is available, adding to its appeal. This location is surrounded by various other restaurants and amenities, making it an ideal investment for discerning buyers seeking a strong return in a desirable area. The property's APN is 2009-62-177-00-0004-0, 2009-62-177-00-0007-0.

Highlights

  • Freeport, NY NNN Restaurant & Bar for Sale.
  • Located on Freeport's Nautical Mile, surrounded by numerous restaurants and amenities.
  • Features outdoor seating.

Property Details for 23 Woodcleft Ave

Property type
Retail properties, Restaurants
Square Feet
6,910 SF
Class
B
Year Built
2003
Buildings
1
Stories
3

Location Insight

City
Freeport
County
Nassau
State
New York
Latitude
40.639537915766
Longitude
-73.583108014398

FAQs

What type of property is this?
Retail property - Profitable Freeport eatery, prime location.
Where is the retail property located?
The property is located at 23 Woodcleft Ave Freeport, NY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Freeport, NY NNN Restaurant & Bar for Sale.; Located on Freeport's Nautical Mile, surrounded by numerous restaurants and amenities.; Features outdoor seating.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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23 Woodcleft Ave
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