365 Atlantic AVE new Save Request In-Person Tour Request Virtual Tour
Glen Head,NY 11545
$ 2700000
- Bed
0 Bath
7014 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Rent
Square Footage 7,014 sqft
MLS Listing ID 2506718
Year Built 1918
Annual Tax Amount $43,000
Lot Size 0.363 Acres
Acres 0.36
Lot Dimensions 140x113
Property Sub-Type Commercial
Source Staten Island Multiple Listing Service
Property Description
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.
Location
State NY
County Nassau
Area Oyster Bay
Zoning A
Interior
Heating Hot Water,Natural Gas
Cooling Central
Building
Story 2
Sewer City
Level or Stories 2
Structure Type Block
New Construction No
Others
Tax ID 00140-0011-12-19-20