365 Atlantic Avenue Freeport, NY $ 2,700,000
365 Atlantic Avenue
$ 2,700,000
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365 Atlantic Avenue

Freeport, NY, 11520
$ 2,700,000
Bedrooms-- Baths-- Sq 13,020

Monthly Estimate*

$ 16,844

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Commercial Property for sale in Freeport, NY

for $2,700,000. This 13,020 square foot building was built in 1918 on a lot size of 0.2374.

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

$ 2,700,000

Property Type

Commercial

Taxes

$ 43,000

Style

Mixed Use

Lot Size

0.2374

Year Built

1918

Town/City

Freeport

County/Region

Nassau

MLS | Web ID

935684

Features
General
Sewer Other
Heating Baseboard Hot Air Hot Water
Cooling None
Utilities See Remarks
Construction Materials Block
Year Built 1918
Property Subtype Mixed Use
Tax Year 2024
Parcel Number 2009-62-140-00-0019-0
Gross Income 167000
Business Type Restaurant Retail
County Nassau County
Property Type Commercial Sale
City Hempstead
Property Attached Y/N N
Tax Annual Amount 43000
Showing Instructions Call or text the listing agent.
Property Condition Actual
Building Area Units Square Feet
Standard Status Active
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Interior
Basement Partial
Basement Features Partial
Basement (Y/N) Y
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Exterior
Parking Features On Street Parking Lot On Street Parking Lot
Water Source Other
Total Parking 16
Parking Spaces 16
Building Area Total 13020
Waterfront Y/N N
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Internal Only
Street Number 1 365
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* Excluded Features
List By
Patrick Lennon

Listing Agent

Re/Max Edge

Broker

718-288-3835

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Affordability Calculator

$20,428
Per Month
82%
18%
0%
Monthly Principal & Interest
$16,844
Monthly Property Taxes
$3,583
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
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 $2,700,000 with 13,020 sqft and a lot size of 0.2374. 365 Atlantic Avenue was built in 1918. The property's zip code is 11520 which is in Freeport, NY