365 Atlantic Avenue, Freeport, NY 11520
sale
$2,700,000
|
Other
Courtesy Of Womcore LLC dba Remax Edge
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.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Exterior Type: Brick
- Exterior Type: Stone
- Floor Covering: Tile
- Floor Covering: Granite
- Heating System: Baseboard
- Heating System: Hot Water (Heating)
- Heating System: Natural Gas
- MLSID: 497396
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