GFI Realty Services, LLC is pleased to offer the exclusive opportunity to purchase 116 East Sunrise Highway located on a heavily trafficked thoroughfare in the village of Freeport, Long Island, New York. The subject property is a former 8-unit (2)-story apartment building which will be delivered fully vacant and gutted. The building was constructed in 1949 and totals approximately 6,824 sf. The asset poses as an ideal opportunity for an investor to either reposition the existing structure for office and or commercial use or completely demolish the building to construct a brand new mixed-use development.
The property is an outparcel to a Home Depot anchored shopping center with tenants including Staples and Freeport Self Storage. The asset is positioned in a major commercial corridor on a highly visible intersection at the corner of South Columbus Avenue and Sunrise Highway which boasts a heavy traffic count of 50,000 vehicles per day. The area is tenanted by numerous national retailers including Walgreens, Marshall’s, Target, AutoZone, Dunkin’ Donuts, Chase Bank, Family Dollar and more.
