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365 Atlantic AVE Freeport, NY 11520
7,014 SqFt
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,014 sqft
Price per Sqft $327
MLS Listing ID 497396
Year Built 1918
Property Sub-Type Commercial
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
Area Other
Zoning A
Rooms
Basement Partial, Semi-Finished
Interior
Interior Features Other
Heating Gas
Flooring Granite, Tile
Heat Source Gas
Exterior
Exterior Feature Brick, Stone
Roof Type Other
Present Use Restaurant
Building
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by RE/MAX Edge
Nearby Locations