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950 Utica Ave

950 Utica Ave, Brooklyn, NY 11203
Available Now
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FOR SALESpecialty / Auto Dealership
Cap Rate
7.2%
Building Size
1,200SF
Lot Size
2000SF
Occupancy
100%
Tenancy
Single Tenant
Currently Leased
No
Listing Contacts
Real Estate Broker
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More property details

No of Buildings
1
No of Stories
1

Features & amenities

Location Amenities
Public Transportation
Metro/Subway

Location

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950 Utica Ave
About the location

This 20-foot-wide, one-story vacant commercial building is currently configured as an auto repair shop and offers an excellent opportunity for both users and investors. An owner-user can occupy the property for a variety of businesses such as a restaurant or grocery store, while investors may lease the space to uses including a laundromat, local gym, or medical office. The property can be delivered vacant, providing immediate flexibility.

In addition, the site presents a strong development opportunity, as zoning permits construction of a four-story building with ground-floor commercial space and residential units above. The residential layout could accommodate either floor-through apartments or two units per floor. Located in a high foot-traffic area with strong demand for new housing, the property benefits from convenient access to public transportation, including the B46 bus along Utica Avenue connecting to Eastern Parkway and the 3, 4, and 5 subway lines.

Documents

FILE
950 Utica Avenue OM.pdf
472 KB · Listing document
950 Utica Ave
1,200 SF · specialty · United States · NY
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