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391 Rockaway Ave
Brooklyn, NY 11212
Retail Property For Sale
Investment Highlights
- commercial building
- industrial
- owner-user
- vacant
- high ceilings
- investment property
Executive Summary
Rare opportunity to acquire a vacant 3,081 SF commercial building (including mezzanine) in shell condition with approximately 8,000 buildable square feet, offering significant upside potential.
The property features high ceilings, open industrial layout, and an existing mezzanine, providing strong structural fundamentals for an owner-user, investor, or redevelopment strategy.
Ideal for manufacturing, warehouse, restaurant, bar, brewery, creative use, or future redevelopment (subject to zoning approvals). The substantial unused development rights create a compelling opportunity to expand or reposition the asset.
Located on Rockaway Avenue in a rapidly evolving Brooklyn corridor experiencing ongoing residential growth and reinvestment, the property benefits from increasing density and long-term appreciation potential.
A strong value-add and redevelopment opportunity in an emerging Brooklyn market.
Investment highlights
3,081 SF Commercial Building (Including Mezzanine)
Approx. 8,000 Buildable SF – Significant unused development rights
Vacant – Delivered in Shell Condition
High Ceilings & Open Industrial Layout
Value-Add / Redevelopment Opportunity
Ideal for Owner-User, Light Manufacturing, F&B, Creative, or Mixed-Use Conversion (subject to approvals)
Located in a Rapidly Growing Brooklyn Corridor
Increasing Residential Density & Neighborhood Reinvestment
Strong Long-Term Appreciation Potential
The property features high ceilings, open industrial layout, and an existing mezzanine, providing strong structural fundamentals for an owner-user, investor, or redevelopment strategy.
Ideal for manufacturing, warehouse, restaurant, bar, brewery, creative use, or future redevelopment (subject to zoning approvals). The substantial unused development rights create a compelling opportunity to expand or reposition the asset.
Located on Rockaway Avenue in a rapidly evolving Brooklyn corridor experiencing ongoing residential growth and reinvestment, the property benefits from increasing density and long-term appreciation potential.
A strong value-add and redevelopment opportunity in an emerging Brooklyn market.
Investment highlights
3,081 SF Commercial Building (Including Mezzanine)
Approx. 8,000 Buildable SF – Significant unused development rights
Vacant – Delivered in Shell Condition
High Ceilings & Open Industrial Layout
Value-Add / Redevelopment Opportunity
Ideal for Owner-User, Light Manufacturing, F&B, Creative, or Mixed-Use Conversion (subject to approvals)
Located in a Rapidly Growing Brooklyn Corridor
Increasing Residential Density & Neighborhood Reinvestment
Strong Long-Term Appreciation Potential
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,081 SF
Building Class
C
Year Built
2008
Price
$1,700,000
Price Per SF
$551.77
Tenancy
Single
Building Height
1 Story
Building FAR
1.14
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C4-3 - Regional commercial center located outside of the central business districts
Frontage
28’ on Rockaway Ave
Amenities
- 24 Hour Access
- Mezzanine
- Signage
- Tenant Controlled HVAC
Property Taxes
| Parcel Number | 03489-0168 | Improvements Assessment | $149,400 |
| Land Assessment | $33,750 | Total Assessment | $183,150 |
Property Taxes
Parcel Number
03489-0168
Land Assessment
$33,750
Improvements Assessment
$149,400
Total Assessment
$183,150
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