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365 Atlantic Ave Freeport, NY 11520

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For Sale
$2,499,000

Four-lot commercial package with three businesses and parking.

Lot size:
0.24 Acres

Property Features for 365 Atlantic Ave

General Information

Property type
Commercial
Standard status
Active
Lot size
0.24 Acres

Building Details

Year built
1918

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Listing Contact
Joseph Mistretta
Source: Elliman

Listing Agent: Joseph Mistretta

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Commercial Package with Established Businesses

This commercial package features four lots, including three established businesses and a dedicated 16-space customer parking lot. The property includes a 5,000-square-foot catering hall and two storefronts totaling 2,500 square feet, currently occupied by a burger joint and a pizzeria. The pizzeria has recently renewed its lease for 10 years, the burger joint has 4 years remaining on its lease, and the catering hall is secured for almost 8 years. The property generates an approximate net operating income (NOI) of $157,888, resulting in a 5.85% capitalization rate. Situated along the Bayview/Atlantic Avenue corridor, this property offers a turnkey investment opportunity in a commercial district.
Location Intelligence

Current Use by Public Records

Vinny's Barber Shop Barber Shop Freeport Sewer and Draing ... Plumbing Service John Anthony's Restaurant sdcfvg Bar & Pub

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Freeport
County
Nassau
State
New York
Longitude
-73.592033
Latitude
40.644568

FAQs

What type of property is this?
Storefront property - Four-lot commercial package with three businesses and parking.
Where is this storefront property located?
The property is located at 365 Atlantic Ave Freeport, NY.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: - High-visibility location on the Bayview/Atlantic Avenue corridor.; - Turnkey, cash-flowing investment property.; - Strong tenant stability with long-term leases in place.
More about this property
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