365 Atlantic Avenue, Freeport, NY 11520
- $2,000,000
- Sold Price
- $2,000,000
- Closing Date
- Sep 08, 2026
- MLS#
- 935684
- Status
- CLOSED
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.
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Additional Information
- Year Built
- 1918
- Total Taxes
- 43000
- Heating
- Baseboard, Hot Air, Hot Water
- Parking
- On Street, Parking Lot
- Parking Spaces
- 16
- Basement
- Partial
- Water
- Other
- Sewer
- Other
- Taxes
- $43,000
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Listing courtesy of Listing Agent: Patrick Lennon (patrick@remaxedgeny.com) from Listing Office: RE/MAX Edge.
Selling Office: Buyer Representation Office.Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.