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1701 Elm Ave 2,300 SF 100% Leased Retail Building Brooklyn, NY 11230 $1,288,000 ($560/SF)
EXECUTIVE SUMMARY
Welcome to an unparalleled investment opportunity in the heart of Midwood! This prime commercial building boasts a strategic corner location, offering exceptional exposure along the bustling Ave M commercial strip. Comprising two spacious commercial storefronts, this property offers versatility and income potential. Vacant corner storefront boasts 800 sq ft on a busy road. With a full storage basement and zoning R7A, the possibilities for expansion or development are endless. Spanning 27 x 42 feet with a lot size of 32 x 103 irregular, this property presents a rare chance to secure a foothold in one of Brooklyn's most coveted neighborhoods. Don't miss out on this chance to make your mark in the thriving Midwood community!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,300 SF
Building Class
C
Year Built
1931
Price
$1,288,000
Price Per SF
$560
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.66
Lot Size
0.08 AC
Zoning
R7A - Medium-density apartment house district with lower parking requirements
Frontage
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06737-0061 | Improvements Assessment | $72,000 |
| Land Assessment | $25,200 | Total Assessment | $97,200 |
PROPERTY TAXES
Parcel Number
06737-0061
Land Assessment
$25,200
Improvements Assessment
$72,000
Total Assessment
$97,200
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1701 Elm Ave
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