Price Reduced 14.85%
Price History
$2,700,000
11/17/2025
$2,499,000
1/2/2026
$2,299,000
3/5/2026
365 Atlantic Avenue, Freeport, NY, 11520
1918
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 $157,888, delivering a 5.85% cap rate at a $2.7M list price. Located along the high-visibility Bayview/Atlantic Avenue corridor, this is a turnkey, cash-flowing investment in a strong commercial district.
Status:
Active
Type:
Commercial
Heating:
Baseboard, Hot Air, Hot Water
Cooling:
None
Basement:
Partial
Parking:
16-car, On Street, Parking Lot
Acreage:
0.24
Est. Taxes:
$43,000
Construction
Block
Utilities
See Remarks
Lot Description:
Back Yard, Corner Lot
Days on Market:
108
MLS #:
935684
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of RE/MAX Edge 718-288-3835