712 3rd Ave 15,000 SF Vacant Flex Building Brooklyn, NY 11232 $5,900,000 ($393.33/SF)

712 3rd Avenue presents a compelling investment property ideally located in the heart of South Brooklyn’s waterfront industrial corridor. Currently 85% occupied, the opportunity delivers both stable existing income as well as potent value-add growth potential.

712 3rd Avenue was constructed in 1995 and spans a total of 15,000 square feet of flex and light distribution space. It offers M3-1 zoning and a 14-foot clear ceiling height, supporting a range of light industrial concepts. The building is occupied by a diverse tenant mix that generates approximately $324,000 in annual gross income, with an upside to fill the remaining vacancies and bring rents in line with market averages.

The property features a prominent location with visibility from both 3rd Avenue and Interstate 278, offering exposure to more than 130,000 passing vehicles each day. This high-exposure placement enhances appeal for traffic-dependent businesses and growing brands. Distribution tenants appreciate the building's convenient proximity to logistics infrastructure such as South Brooklyn Marine Terminal (1.1 miles) and Red Hook Container Terminal (1.6 miles). The location is also walkable to a range of retail and dining amenities, as well as the Prospect Avenue and 25th Street subway stations and several bus lines.

The South Brooklyn Industrial Submarket delivers a compelling investment environment for a new owner of 712 3rd Avenue. The area boasts constrained vacancies of just 9.7%, with a limited construction pipeline cementing demand in the near future. The area also features excellent liquidity, with over 50 sales and over $106 million in sales volume during the past 12 months, allowing investors to capitalize on added value quickly. Tenants are attracted to the market by exceptionally skilled labor availability. Looking within just 1 mile of the property, the area supports more than 3,700 businesses with a workforce of more than 25,600, with over 36% working in blue-collar fields.

Combining stable rental income, a highly visible location in South Brooklyn, and favorable market fundamentals, 712 3rd Avenue offers a profitable acquisition for savvy investors. Contact Adams Imas Gavrilov today to schedule a tour and learn additional information about this incredible opportunity.