395 Woodcleft AveFreeport, NY 11520

Property Details for 395 Woodcleft Ave

Year built

2013

Construction

FRAME

Lot size

0.47 AC

Property size (Sq ft)

6,486 SF

Property type

Turn key restaurants

APN

62-177-00-0520

APU

62177000520

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,668,097

  6.5%

  $1,539,782

  7%

  $1,429,798

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,135,601

  Geo Method

  $2,135,601

• Alternative Use

  Use

  Valuation

  Residential

  $1,298,864

  Hospitality

  $1,189,752

  Educational

  $989,860

  Medical

  $1,023,903

  Retail

  $1,539,782

Location Insight

City

Freeport

County

Nassau

State

New York

Latitude

40.6291

Longitude

-73.5808

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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