365 Atlantic Ave Freeport, NY 11520
Property Features for 365 Atlantic Ave
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.24 Acres
Building Details
- Year built
- 1918
Source:
Elliman
Listing Agent: Joseph Mistretta
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
Location Insight
- Map
- Local Demand
- City
- Freeport
- County
- Nassau
- State
- New York
- Longitude
- -73.592033
- Latitude
- 40.644568
Nearby Similar for Sale
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.
