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FREEPORT, NY-Situated within the bustling “Nautical Mile,” 343-361 and 350 Woodcleft Ave. if up for sale. The Long Island two-parcel development site totals 67,428 sf and is expected to fetch between $5 and $6 million a source close to the deal tells GlobeSt.com.

Eastern Consolidated’s executive directors, Eric Anton and Ronald Solarz, together with David Schechtman, director, and Paul Nigido, financial analyst, are acting as exclusive agents for the long-time owner. The source tells GlobeSt.com that the owner is Dan Teitel and he is selling because he is retiring. The source adds that the property has generated interest thus far because it is “probably one of the best kept secrets on Long Island.”

The site is situated in close proximity to Merrick Road, the Meadowbrook Parkway and Sunrise Highway. “Freeport is recognized as one of the few remaining places in the New York City area where small maritime businesses flourish,” Anton notes. “The two land parcels are zoned Marine Commerce and with 330 feet of waterfront along the Woodcleft Canal, the site could be an ideal location for a restaurant/retail/entertainment complex, offering a marine component with amazing views.”

Freeport has approximately 10.4 miles of canals and waterways, comprised of four major waterfront areas: Hudson Canal, Woodcleft Canal, Freeport Creek area and the Milburn Creek area. Parcel I consists of about 22,000 sf of waterfront land while Parcel II, located across the street, contains about 45,000 sf of land.

The site was the former home of offshore gaming cruises. “One of the great advantages of this site is its stellar location near Merrick Road, Sunrise Highway and the Meadowbrook are heavily trafficked and offer excellent accessibility to the site,” Schechtman adds.

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