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About This Home
This 0-bedroom, 0-bathroom commercial at 365 Atlantic Avenue in Freeport, NY is listed for $2,299,000 ($328 per sqft). Built in 1918, the home offers 7,014 sqft of living space on a 0.36 acres lot.
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.
Key Features
- Built in 1918
- 0.36 acre lot
Property Details
Monthly Cost Estimate
$12,296/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
365 Atlantic Avenue
Freeport, NY 11520
Property Details
Flooring
Construction
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 365 Atlantic Avenue is listed at $2,299,000 ($328/sqft). The estimated monthly payment is $9,962 based on 20% down at 6.5% interest.
Key features include: Built in 1918, 0.36 acre lot.
This property is listed by Patrick S. Lennon and can be reached at (718) 612-3088 or patrick@remaxedgeny.com.