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150 Cary Pl 4,500 SF Industrial Building Freeport, NY 11520 $1,399,000 ($310.89/SF)
Investment Highlights
- \Well suited for marine, industrial, contractor, storage and other permitted commercial uses.
- Waterfront Location — combines operational commercial use with a feature that is extremely difficult to replicate.
- Offers a compelling longer-term development opportunity, subject to zoning and municipal approvals.
Executive Summary
Rare opportunity to acquire a waterfront industrial property in Freeport, NY. Situated on approximately 10,920 SF of waterfront land, the property is improved with an approximately 2,800 SF commercial building plus mezzanine and is zoned Marine Industries (M1).
The building features a large ground-floor shop area, new overhead garage door, 400-amp electrical service, gas service, heat, new roof, updated plumbing, two bathrooms, two private offices, and a conference room.
With waterfront industrial properties increasingly difficult to find on Long Island, 150 Cary Place offers an excellent opportunity for an owner-user, investor, marine-related business, contractor, or other commercial/industrial operation.
The property's waterfront setting may also present an attractive long-term residential redevelopment opportunity, subject to rezoning, municipal approvals, and all applicable requirements.
Property Highlights:
Asking Price: $1,399,000
Approximately 10,920 SF waterfront lot
Approximately 2,800 SF building plus mezzanine
Marine Industries (M1) zoning
Large ground-floor shop
New overhead garage door
400-amp electrical service
New roof
Gas service and heat
Updated plumbing
Two bathrooms
Two private offices
Conference room
Waterfront access
Potential future residential redevelopment opportunity, subject to approvals
The building features a large ground-floor shop area, new overhead garage door, 400-amp electrical service, gas service, heat, new roof, updated plumbing, two bathrooms, two private offices, and a conference room.
With waterfront industrial properties increasingly difficult to find on Long Island, 150 Cary Place offers an excellent opportunity for an owner-user, investor, marine-related business, contractor, or other commercial/industrial operation.
The property's waterfront setting may also present an attractive long-term residential redevelopment opportunity, subject to rezoning, municipal approvals, and all applicable requirements.
Property Highlights:
Asking Price: $1,399,000
Approximately 10,920 SF waterfront lot
Approximately 2,800 SF building plus mezzanine
Marine Industries (M1) zoning
Large ground-floor shop
New overhead garage door
400-amp electrical service
New roof
Gas service and heat
Updated plumbing
Two bathrooms
Two private offices
Conference room
Waterfront access
Potential future residential redevelopment opportunity, subject to approvals
Data Room Click Here to Access
Taxes & Operating Expenses (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$57,000,000
|
$19,000.00
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$57,000,000
|
$19,000.00
|
Taxes & Operating Expenses (Actual - 2026)
| Taxes | |
|---|---|
| Annual | $57,000,000 |
| Annual Per SF | $19,000.00 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $57,000,000 |
| Annual Per SF | $19,000.00 |
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Mezzanine
- Security System
- Waterfront
- Storage Space
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2009-54-319-00-0082-0 | Total Assessment | $2,597 |
| Land Assessment | $2,293 | Annual Taxes | $57,000,000 ($12,666.67/SF) |
| Improvements Assessment | $304 | Tax Year | 2026 |
Property Taxes
Parcel Number
2009-54-319-00-0082-0
Land Assessment
$2,293
Improvements Assessment
$304
Total Assessment
$2,597
Annual Taxes
$57,000,000 ($12,666.67/SF)
Tax Year
2026
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150 Cary Pl