23 Woodcleft AveFreeport, NY 11520

For Sale
$3,100,000

Profitable Freeport eatery, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
93
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
Other 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
23 Woodcleft Ave, Freeport, New York

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23 Woodcleft Ave
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