MLS#935684
STATUSActive
PROPERTY TYPECommercial - Multiple
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 $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.
Property Features
Property Type: Commercial - Multiple
Basement: Yes
Basement: Partial
Cooling: None
Heating: Baseboard, Hot Air, Hot Water
Lot Size: 0.24 Acres
Taxes: $43,000
Year Built: 1918
Feature Descriptions
Building Area Total: 13020
Business Type: Restaurant, Retail
Days on Site: 198
Exterior: Block
Lot Features: Back Yard, Corner Lot
On Market Date: 2025-11-17
Parcel Number: 2009-62-140-00-0019-0
Parking Features: On Street, Parking Lot
Parking Total: 16
Rental Term: Monthly
Sewer: Other
Utilities: See Remarks
Water: Other
Listed By / Shown By
Listing By
Agency Name: RE/MAX Edge
Agency Contact: 718-288-3835
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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365 Atlantic Avenue | MLS# 935684
This commercial property located at 365 Atlantic Avenue, Freeport, NY 11520 is currently listed for sale with an asking price of $2,299,000. Search Freeport real estate on www.coldwellbankerchoice.com today.