Exceptional waterfront redevelopment opportunity in the Village of Freeport. This ±1.15-acre site features approximately 400 feet of frontage on Hudson Canal and has undergone significant pre-development work, including Phase I & II environmental studies, remediation, and issuance of a No Further Action (NFA) letter. Bulkhead permits have been secured, and the property has been fully cleared and fenced. Ownership has retained land use counsel and is actively pursuing rezoning from Marine Industrial to Residential Multi-Family. Preliminary architectural plans have been prepared for a 15-unit waterfront townhouse development. Recent tax reductions have been achieved through the Town of Hempstead, with additional assessment proceedings pending. Surrounded by residential and waterfront development, this is a rare opportunity to acquire a waterfront site with substantial entitlement progress already completed.