55 Hudson Ave - 1.15 Acre (50,000sf) Waterfront Property/Lot 1.15 Acres of Industrial Land Offered at $2,628,744 CAD in Freeport, NY 11520

55 Hudson Avenue | Freeport, NY Prime Waterfront Redevelopment Opportunity Property Overview Rare opportunity to acquire a fully cleared waterfront development site located on Hudson Canal in Freeport, New York. This ±1.15-acre property offers approximately 400 feet of waterfront frontage and is strategically positioned within an evolving waterfront corridor featuring residential, marina, and mixed-use development. The property has undergone substantial investment and due diligence, significantly reducing development risk and timeline. Property Highlights • ±1.15 Acres (Approx. 50,094 SF) • Approximately 400' of Waterfront Frontage • Fully Cleared Site • New Perimeter Security Fence and Gated Access • Bulkhead Permits Issued • Phase I and Phase II Environmental Studies Completed • Environmental Remediation Completed with Regulatory Clearance • Located Directly on Hudson Canal • Approximately 3 Miles to Jones Beach Inlet and the Atlantic Ocean • Surrounded by Existing Residential and Marina Uses • Across the Canal from a 100+ Unit Waterfront Condominium Development Development Potential The property is currently zoned Marine Industrial; however, ownership has retained land use counsel and is actively pursuing rezoning to Residential Multi-Family. Architectural plans have been prepared for a proposed 15-unit waterfront townhouse development, demonstrating the site's potential for residential redevelopment. The surrounding neighborhood has experienced significant residential investment and redevelopment activity, making the property well-positioned for future residential use, subject to governmental approvals. Additional Value Drivers • Recently secured substantial property tax reduction from the Town of Hempstead. • Additional tax assessment proceedings currently underway with the Village of Freeport. • Significant entitlement and pre-development work completed by ownership. • Potential opportunity for developers, investors, and residential builders seeking a waterfront project with meaningful advancement already achieved. Location 55 Hudson Avenue is situated within Freeport's established waterfront district, offering direct access to the South Shore boating community while remaining conveniently located near major transportation corridors, shopping, dining, and recreational amenities. Offering Property is being offered for sale by owner. All information is deemed reliable but should be independently verified by prospective purchasers. Buyers are responsible for conducting their own due diligence regarding zoning, approvals, development potential, and all governmental requirements.