# 365 Atlantic Avenue, Freeport, NY 11520

> **TL;DR:** commercial, $2,299,000 ($328/sqft), built 1918, 7,014 sqft. Est. $9,962/mo. Listed 196 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,299,000 |
| Price/sqft | $328 |
| Square Feet | 7,014 |
| Year Built | 1918 |
| Lot Size | 15,821 sqft (0.36 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 196 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $9,962 |
| **Total** | **$9,962** |

## Property Highlights

- Built in 1918
- 0.36 acre lot

## Description

### Agent 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.

## Location

- **Address:** 365 Atlantic Avenue, Freeport, NY 11520

## Listing Agent

- **Name:** Patrick S. Lennon
- **Brokerage:** RE/MAX Edge
- **Phone:** (718) 612-3088
- **Email:** patrick@remaxedgeny.com

## Primary Photo

![365 Atlantic Avenue - Primary Photo](http://lh.rdcpix.com/2ba4dabce15e0e34e4558e6925e84708l-f4247297821r.jpg)

*46 total photos available on [listing page](https://www.propertysimple.com/listing/365-atlantic-avenue-freeport-ny-11520-y497396)*

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**MLS#:** 497396 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/365-atlantic-avenue-freeport-ny-11520-y497396)

---

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