503 Lake Ave

This property, formerly home to the long-established Garguilo's Bakery, presents a rare commercial opportunity in the heart of St. James. Prominently positioned at the signalized corner of Lake Avenue and Railroad Avenue—directly across from the Long Island Rail Road station—the site benefits from exceptional visibility, steady pedestrian activity, and consistent vehicle traffic.

The offering includes a 2,467-square-foot main building with a full basement featuring 8-foot ceilings, along with a separate 414-square-foot storage structure. The main floor boasts 9-foot ceilings, hardwood floors, central air conditioning, steam radiators, gas heat, and three-phase electric service with 400 amps. The lower level provides approximately 2,400 square feet of functional space suitable for storage, food preparation, or operational support. Constructed in 1963 with masonry concrete block, brick siding, and a flat roof, the building sits on a quarter-acre parcel totaling 10,890 square feet and is serviced by community water and private septic.

Additional features include a half bath, 14 on-site parking spaces, and ADA-accessible components. With existing restaurant approvals and flexible redevelopment potential, this property offers an outstanding opportunity for an owner-user or investor seeking a highly visible, transit-oriented commercial location with long-term upside.