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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.
Features
- Heating System:
- Hot Water, Baseboard, Hot Air
- Cooling System:
- No
- Basement:
- Partial
- Lot Features:
- Corner Lot, Back Yard
- Parking Features:
- On Street, Parking Lot
- Sewer:
- Other
- Utilities:
- See Remarks
Address Map
- City:
- Hempstead
- State:
- NY
- County:
- Nassau County
Property and Construction
- Development Status:
- Block
- Agent MlsId:
- 217918
- Office MlsId:
- RMXE01
- Special Listing Conditions:
- No
- Tax Annual Amount:
- $43,000
- Water Source:
- Other
- PhotosCount:
- 46
Commercial Sale For Sale
365 Atlantic Avenue, Hempstead, NY
$2,499,000
Listing ID #935684
Basic Details
- Property Type :
- Commercial Sale
- Property SubType :
- Mixed Use
- Listing ID :
- 935684
- Price :
- $2,499,000
- Bathrooms Total :
- 0
- Building Area :
- 13,020 Sqft
- Year Built :
- 1918
- Status :
- Active
- Status :
- Active
- Listing Office :
- RE/MAX Edge
- Listing Agent :
- Patrick Lennon
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
