COMMERCIAL
Address: ‎365 Atlantic Avenue
Zip Code: 11520
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$2,299,000
MLS # 935684
English
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$2,299,000 - 365 Atlantic Avenue, Freeport, NY 11520|MLS # 935684

MLS #‎ 935684
Construction Year1918
Taxes
(per year)
$43,000
Heat typeHot water
BasementPartial
LIRR1 miles: "Freeport"
1.1 miles: "Baldwin"
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房屋英文概況 English 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.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 RE/MAX Edge. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Courtesy of RE/MAX Edge

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$2,299,000
COMMERCIAL
MLS # 935684
‎365 Atlantic Avenue
Freeport, NY 11520


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