365 Atlantic AVE, Freeport, NY 11520
365 Atlantic AVE, Freeport, NY 11520
365 Atlantic AVE, Freeport, NY 11520
365 Atlantic AVE, Freeport, NY 11520
365 Atlantic AVE, Freeport, NY 11520
365 Atlantic AVE, Freeport, NY 11520
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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603
$ 2,299,000
Est. payment | /mo

7,014 SqFt

Save
$ 2,299,000
Est. payment | /mo
Save

7,014 SqFt

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 SCHOOL & BUSINESS

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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

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Name

Phone

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365 Atlantic AVE

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