$2,700,000
Glen Head, NY 11545
MLS# 2506718
7014 sqft
1 / 45
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.
Details
Maps
Address/Legal
Section: N/A
Country: United States
Contract/Location Information
List Price/SqFt: 384.94
Sale/Lease: Lease
CofO: No
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
# of Buildings: 3
Stories: 2
Taxes: 43000
Tax Abated: No
Lot Size SqFt: 15820
Year Built Info: Approx
Lot Dim: 140x113
Irregular: No
Air Conditioner: Central
Condition: Good
Garage Capacity: 0
# of Parking Spaces: 16
# of Residential Units: 0
# of Commercial Units: 3
# of Mfg Units: 0
# of Medical Units: 0
# of Non-Conform Units: 0
Public Remarks: 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.
Year Built: 1918
Building SqFt: 7014
Sewer
City: 1
Electric
220: 1
Showing Instructions
Call Agent: 1
Heat Source
Gas: 1
Heat System
Hot Water: 1
Electric Meters
Individual: 1
Gas Meters
Individual: 1
Parking
Off Street: 1
Income & Expense
Gross Income: 167000
Features
Restaurant: 1
Retail: 1
Building Info
Retail Available SqFt: 7014
Sprinklers: Yes
Construction
Concrete Block: 1
AddressLegal
Street No.: 365
Street Name: Atlantic
Street Suffix: Avenue
County: Nassau
State: NY
Zip Code: 11545
Area Name: Oyster Bay
Parcel ID: 00140-0011-12-19-20
ContractLocation Information
Status: Active
Marketing/Listing Date: 2025-11-17
List Price: $2,700,000
Current Price: $2,700,000
Sub-Type: Commercial
Zoning: A
Block: 00140
Lot: 0011-12-19-20
Property Features
Electric Meters: Individual
Gas Meters: Individual
Heat Source: Gas
Heat System: Hot Water
Showing Instructions: Call Agent
Electric: 220
Features: Restaurant; Retail
Construction: Concrete Block
Parking: Off Street
Listing Courtesy of Re/Max Edge
Listing data provided courtesy of Staten Island Multiple Listing Service. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.