Commercial For Lease - Commercial
$2,299,000

Size

Stories
2
Interior
7,014 Sq Ft
Exterior
15,820 Sq Ft

Financial

Price
$2,299,000
Annual Taxes
$43,000

Listing Details

Sale or Lease
Lease
Year Built
1918
Area
Oyster Bay

Description

365 Atlantic Avenue, Glen Head, NY 11545

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

  • 220 Volts
  • Block
  • Central
  • City
  • Hot Water
  • Natural Gas
365 Atlantic Avenue, Glen Head, NY 11545

Listing Office: Re/Max Edge