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Portfolio 2 Retail Properties Offered at $2,700,000 in Freeport, NY
INVESTMENT HIGHLIGHTS
- Low Ownership Expenses
- Long Term Lease Stability
- Built In Rent Growth
- 16 Space Parking Lot
- Prime Commercial Freeport Location
- Strong Income Producing Multi Tenant Asset
EXECUTIVE SUMMARY
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 5.48% 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.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$201,888
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$201,888
|
| Taxes |
$43,000
|
| Operating Expenses |
$11,000
|
| Total Expenses |
$54,000
|
| Net Operating Income |
$147,888
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $201,888 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $201,888 |
| Taxes | |
|---|---|
| Annual | $43,000 |
| Operating Expenses | |
|---|---|
| Annual | $11,000 |
| Total Expenses | |
|---|---|
| Annual | $54,000 |
| Net Operating Income | |
|---|---|
| Annual | $147,888 |
PROPERTY FACTS
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 365 S Bayview Ave, Freeport, NY 11520 | Retail | 4,774 SF | 1918 | - |
| 365 Atlantic Ave, Freeport, NY 11520 | Retail | 2,440 SF | 1918 | - |
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