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365 Atlantic Avenue

Freeport, NY 11520
  • $2,299,000
  • STATUS: Active
  • ON SITE: 117 Days
  • MLS #: 935684
Price Reduced
UPDATED: 71 min ago
$2,299,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1918
County:
Area:

School Ratings & Info

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 $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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© 2026 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2026-03-15T18:17:24.207.
www.nicoleburkehomes.com/homes/170015525
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365 Atlantic Avenue Freeport, NY 11520

  • Price: $2,299,000
  • Status: Active
  • On Site: 117 Days
  • Updated: 71 min ago
  • MLS #: 935684
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1918
Built
Neighborhood:
Hempstead
County:
Nassau
Area:
Hempstead
Property 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 $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.
Exterior Features

Construction Materials Block Lot Features Back YardCorner Lot Parking Features On StreetParking Lot Parking Total 16 Property Attached YN No Waterfront YN No

Interior Features

Basement Details Partial Basement YN Yes Cooling None

Property Features

Building Area Total 13020 Business Type RestaurantRetail Gross Income 167000 Heating BaseboardHot AirHot Water Net Operating Income 41020 Property Condition Actual Property Sub Type Mixed Use Sewer Other Special Listing Conditions None Sprinkler System YN Yes Tax Annual Amount 43000 Utilities See Remarks Water Source Other

Listing courtesy of Patrick Lennon of RE/MAX Edge: 718-288-3835
© 2026 OneKey MLS. All rights reserved.


© 2026 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2026-03-15T18:17:24.207.
 
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Nicole Burke, MBA | Charles Rutenberg Realty
255 Executive Drive, Suite 208
Plainview NY, 11803