Contacts

Devang Patel

Douglas Elliman Real Estate

Property Details

Property Type Retail - Street Retail
Property Size 4,000 SF
Units 2
Lot Size 0.12 Acre
Additional Rent Contact for pricing
Parking Spaces Avail. 80
Parking Ratio 10.00 / 1,000 SF
Property Tenancy Multi-Tenant
Year Built 1937
Date Updated Oct 18, 2024

Located in the heart of Freeport, NY, 11520, this area is a bustling hub of commercial activity on Long Island. With a vibrant mix of residential and retail spaces, the location offers a prime investment opportunity for prospective office building investors. The property is just minutes away from Freeport's scenic Nautical Mile, a popular waterfront area lined with seafood restaurants and entertainment venues. Additionally, renowned neighboring communities such as Merrick and Baldwin offer a range of dining, shopping, and recreational amenities. This prime location provides easy access to major transportation arteries including the Southern State Parkway, making it an ideal choice for businesses seeking a strategic foothold in the thriving Long Island market. Both Lease are under market currently and expire Dec 2025. Potential for a higher rent $30 per sq.ft ($5000 per month per store $120,000 potential annual rental income) potential cap rate 8.17%Located in the heart of Freeport, NY, 11520, this area is a bustling hub of commercial activity on Long Island. With a vibrant mix of residential and retail spaces, the location offers a prime investment opportunity for prospective office building investors. Both Lease are under market currently and expire Dec 2025. Potential for a higher rent $30 per sq.ft ($5000 per month per store $120,000 potential annual rental income) potential cap rate 8.17%. The property is just minutes away from Freeport's scenic Nautical Mile, a popular waterfront area lined with seafood restaurants and entertainment venues. Additionally, renowned neighboring communities such as Merrick and Baldwin offer a range of dining, shopping, and recreational amenities. This prime location provides easy access to major transportation arteries including the Southern State Parkway, making it an ideal choice for businesses seeking a strategic foothold in the thriving Long Island market. Both Lease are under market currently and expire Dec 2025. Potential for a higher rent $30 per sq.ft ($5000 per month per store $120,000 potential annual rental income) potential cap rate 8.17%

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Highlights

- 4,000 SF commercial building
- Two fully leased retail units
- 1937 construction
- Zoned for commercial use
- Prime Long Island location
- 100% occupancy rate

Attachments

STANDARD BROCHURE (PDF) opens in new window

Getting around

91/100
Walk Score ®
54/100
Transit Score ®
51/100
Bike Score ®

Powered by Walk Score ®

City Freeport, NY
Neighborhood North Freeport
Zip Code 11520
Market Long Island

Points of Interest

Freeport

0.22 miles
All Island Taxi

0.22 miles
Freeport Platform Entrance

0.22 miles
Freeport Station Entrance

0.23 miles
Baldwin Platform Entrance

1.34 miles
Baldwin

1.36 miles
Baldwin Station Entrance

1.39 miles
Merrick Platform Entrance

1.63 miles
Merrick Station Entrance

1.69 miles
Merrick

1.74 miles

Shell

0.26 miles
Speedway

0.31 miles
Sunoco

0.42 miles
GiveNGo

0.66 miles
Dino

1.22 miles
Citgo

1.28 miles
Valero

1.45 miles
Conoco

1.52 miles
7-Eleven

1.58 miles
BP

1.68 miles

Merrick LIRR Parking

1.72 miles
Lot #12

2.76 miles
Faculty Parking

3.24 miles
North Parking

3.26 miles
South Parking

3.28 miles
West Parking

3.32 miles
Lot 14

3.33 miles
Lot U2

3.37 miles
Rockville Centre Municipal Field 27

3.46 miles
Lot O-13

3.47 miles

Burger King

0.09 miles
Rincon Latino Restaurant

0.12 miles
Domino's

0.15 miles
Happy Family Garden

0.16 miles
El Tejadito

0.16 miles
El Sabor Dominicano

0.17 miles
Dunkin' Donuts

0.17 miles
La Costa Del Sol Restaurant

0.22 miles
Natural Wood Flame

0.22 miles
Churrasqueria Genesis

0.22 miles

Gala Foods

0.20 miles
Target

0.50 miles
Marshalls

0.55 miles
Guy Lombardo Plaza

0.63 miles
Lidl

1.13 miles
Trader Joe's

1.18 miles
Ideal Food Basket

1.54 miles
Gala Fresh Farms

1.65 miles
Baldwin Shopping Center

1.66 miles
Stop & Shop

1.71 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.