5203-5207 Church Avenue
Mixed-Use Investor or End-User Opportunity | Sale or Lease
Marketing description
Compass has been retained on an exclusive basis to facilitate the sale or lease of 5203–5207
Church Avenue, an approximately 15,000 SF (~10,000 SF above grade) commercial property
situated along one of Flatbush’s predominant retail corridors. The property can be delivered
vacant, offering a compelling opportunity for an end-user or for repositioning or redevelopment
by an investor.
The building is currently configured with retail and medical tenants and features 10’+ ceiling
heights and elevator access throughout, allowing for a highly usable and customizable layout.
Notably, a credit-worthy second-floor tenant is paying approximately $13,500 per month,
enabling an owner-user to occupy the remaining space while offsetting carrying costs, or
allowing an investor to retain that income while repositioning the balance of the building with
market-rate tenants.
From a development perspective, the property is located within a Qualifying Residential Site
(QRS), which allows for a mixed-use FAR of up to 2.5, translating to approximately 14,000
buildable square feet. This provides meaningful long-term optionality while maintaining current
income in the interim.
Feel free to reach out to [email protected] / 706-255-5657 with any questions or to
schedule a showing. A pro forma and building plans can be provided upon request.
Investment highlights
End-User and Investor Potential
Flexibility with Vacancy
14,000 BSF Mixed-Use Development
Elevator Building with Adaptable Layout
$50/SF retail rents along Prime Church Ave
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