Portfolio Retail FOR SALE


Freeport, NY
$2,499,000 USD
718-288-3835
, Freeport, NY for Sale
$2,499,000 USD
Retail - FOR SALE
1/45
null | 5.92% Cap Rate

Portfolio
Freeport, NY


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 $147,888, delivering a 5.92% cap rate at a $2.5M list price. Located along the high-visibility Bayview/Atlantic Avenue corridor, this is a turnkey, cash-flowing investment in a strong commercial district.

ASK ABOUT THIS PROPERTY

Patrick LennonRE/MAX EdgeMore Info
718-288-3835

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Patrick LennonRE/MAX EdgeMore Info
718-288-3835

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.