Listed by Brown Harris Stevens
$850,000
950 Utica Avenue
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 1,200
Net Rentable (SqFt) 1,200
Units 1
Cap Rate 7.20%
Occupancy 100%
Tenancy Single
Lease Type NN+
Price per SqFt $708
Class C
Year Renovated 3
Stories 1
Lot Size (SqFt) 2,000
Ownership Local
Prime Mixed-Use Development Opportunity
Marketing description
A 20’ wide vacant one story commercial building being used as an auto repair shop. The building is a great user opportunity; a user can use it for their business which can be a restaurant or grocery store. The property is also great for an investor, they can rent it to a laundry or a local gym or doctor office. The property can be delivered vacant.
Investment highlights
The property is a prime development opportunity, the zoning allows a four story building to be built. The first floor can be commercial and the upper floors residential. The units can be floor-through apartments or two units per floor.
The building is located in an area with a lot of foot traffic and strong demand for new apartments. The B 46 bus runs along Utica Avenue and goes to Eastern Parkway which has access to the 3, 4 and 5 trains.
Listing Contacts
Listed by Brown Harris Stevens
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