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365 Atlantic Avenue, Freeport, New York, 11520

$2,299,000

0

Beds

Bathrooms

7,014

Building Sqft

0.36

Acres

15,820

Lot Sqft

About 365 Atlantic Avenue

Exceptional 4-lot commercial package featuring three established businesses plus a dedicated 16-space customer parking lot. Includes a 5,000 sq. ft. catering hall and two store fronts adding up to 2,500 sq. ft. (Texas Ranger Burger Joint + Pizzeria). Strong tenant stability with the pizzeria newly renewed for 10 years, Texas Ranger with 4 years remaining, and the catering hall secured for almost 8 years. Together, the property produces an approx. NOI of $146,888, delivering a 6.39% cap rate at a $2.3M list price. Located along the high-visibility Bayview/Atlantic Avenue corridor, this is a turnkey, cash-flowing investment in a strong commercial district.

Features of 365 Atlantic Avenue

MLS® #
497396
Acres
0.36
Type
Commercial
Price
$2,299,000
Square Footage
7,014
Year Built
1918
Sub-Type
Commercial

Community Information

Address
365 Atlantic Avenue
City
Freeport
State
New York
Zip Code
11520

Listing Information

Agent Name
Patrick S. Lennon
Agent Office
RE/MAX Edge

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(718) 987-7900