FORMERLY "THE ARCH DINER."
1. Triple-net lease in as-is condition.
** Basement: +/-6,000 SF with 10 FT Ceilings
** 2023 taxes were approximately $70,500 per annum.
** Existing Ceilings +/- 12 FT.
** Column-free core and shell.
** Concrete flooring with structural steel beams.
2. Negotiate a reasonable deal with landlord's contribution to re-purpose the existing core - depending on credit.
3. Divisible.
4. Raze the entire site and build from scratch.
5. LONG TERM LEASE AVAILABLE.
6. ALSO AVAILABLE FOR SALE (Call for pricing).
NOTE: SEVERAL POSSIBLE DEVELOPMENT SCHEMES:
Development Scheme A: 5,023 SF with 19 Parking Spaces. (Divisible)
Development Scheme B: 3,838 SF includes a proposed DRIVE-THRU lane and 16 Parking Spaces.
Both NEW development schemes have 16 ft ceilings - and utilize an existing 6,000 Sq Ft lower level - perfect for storage.
One of the best available retail corners in Brooklyn catering to several densely populated neighborhoods including Canarsie, Flatlands, Flatbush, Mill Basin, Marine Park, Georgetown, Gravesend and more. Ownership has several re-development scenarios, all with increased parking.
- 315 linear feet of corner exposure at the major intersection of Ralph and Flatlands Avenues.
- POPULATION WITHIN A 10-MINUTE DRIVE:
** Over 360,000 residents.
** Average annual household income over $108,000.
** Average daily vehicular count: 41,683 vehicles per day
** #1 most visible, convenient and prominent location in the area.
** Very high-volume bus stop directly at the site.
** Located adjacent to the Flatlands Shopping Center.
** A major commercial thoroughfare home to many national and regional retailers and shopping centers, including the Georgetowne Shopping Center.
