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365 Atlantic Avenue Freeport, NY $ 2,499,000
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$ 2,499,000 Get more info
365 Atlantic Avenue
$ 2,499,000
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Share Save

365 Atlantic Avenue

Freeport, NY, 11520
$ 2,499,000
Bedrooms-- Baths-- Sq 7,014

Monthly Estimate*

$ 15,387

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Commercial Property for sale in Freeport, NY

for $2,499,000. This 7,014 square foot building was built in 1918 on a lot size of 0.363177.

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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Commercial Active

Price

$ 2,499,000

Property Type

Commercial

Taxes

$ 0

Style

Commercial

Lot Size

0.363177

Year Built

1918

Town/City

Freeport

County/Region

Nassau

MLS | Web ID

497396
Features
General
Equipment Included N/A
Ceiling Height Other
Roof Other
current use Restaurant
Zoning A
Electric 200 Amp
Property Type Commercial
Block 140
Transaction Type Sale
Financing 1031 Exchange Bank Mortgage Cash
Building Type Detached
Status Active
Construction Materials Block
Cumulative Days on Market 82
MLS Area Other
Sub Type Commercial
Year Built 1918
City Freeport
Open House Public: Sat Feb 21 12:00PM-2:00PM
DOM 82
Public Remarks 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
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Interior
Heating Fuel Gas
Walls Other
Flooring Granite Tile
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Exterior
Exterior Brick Stone
Foundation Block
Parking Attrib 6+ Spaces Parking Area
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Internal Only
Originating MLS Brooklyn New York MLS
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* Excluded Features
List By
Re/Max Edge

Broker

(516) 524-6162

Phone

Affordability Calculator

$15,387
Per Month
100%
0%
0%
Monthly Principal & Interest
$15,387
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1337269 Elementary School
1337270 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
1/2/2026$2,499,000 -7.44% Price Down
11/17/2025$2,700,000 Listed Price

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365 Atlantic Avenue, Freeport, NY, 11520 is a Commercial Property for sale at $2,499,000 with 7,014 sqft and a lot size of 0.363177. 365 Atlantic Avenue was built in 1918. The property's zip code is 11520 which is in Freeport, NY

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