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365 Atlantic Avenue, Freeport, NY 11520

$2,000,000
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Sold Price
$2,000,000
Closing Date
Sep 08, 2026
MLS#
935684
Status
CLOSED
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(718) 736-3621

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.