46
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$2,700,000
Est. payment /mo
10,341 Sqft Lot
New
365 Atlantic AVE Freeport, NY 11520
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 935684
Rental Info No
Year Built 1918
Annual Tax Amount $43,000
Lot Size 10,341 Sqft
Acres 0.2374
Property Sub-Type Mixed Use
Source onekey2
Property Description
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 $157,888, delivering a 5.85% cap rate at a $2.7M list price. Located along the high-visibility Bayview/Atlantic Avenue corridor, this is a turnkey, cash-flowing investment in a strong commercial district.
Location
State NY
County Nassau County
Rooms
Basement Partial
Interior
Heating Baseboard, Hot Air, Hot Water
Cooling None
Fireplace No
Exterior
Parking Features On Street, Parking Lot
Utilities Available See Remarks
Total Parking Spaces 16
Building
Lot Description Back Yard, Corner Lot
Sewer Other
Water Other
Structure Type Block
Others
Special Listing Condition None
Listed by RE/MAX Edge • Patrick Lennon
Connect RE Corp.
Phone