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Off Market
1/44

365 S Bayview Ave
Freeport, NY 11520


HIGHLIGHTS

  • Low Ownership Expenses
  • 16 Space Parking Lot
  • Long Term Lease Stability
  • Prime Commercial Freeport Location
  • Built In Rent Growth
  • Strong Income Producing Multi Tenant Asset

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Loft/Creative Space

TOTAL BUILDING SIZE

2440

STORIES

1

YEAR BUILT

1918

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

2009-62-140-00-0019-0