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$ 4,000,000
Est. payment /mo
New
816 Avenue U Brooklyn, NY 11223
3,201 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY853282
Originating Board onekey2
Rental Info No
Year Built 1931
Annual Tax Amount $26,882
Lot Size 3,201 Sqft
Acres 0.0735
Property Sub-Type Business
Property Description
A fully renovated commercial gem in the heart of Avenue U's thriving business district, this former Spanish restaurant offers an exceptional opportunity for investors, developers, or owner-users seeking a turnkey property with outstanding potential. Situated on a 41 ft x 83 ft lot with R6A zoning and a C1-4 commercial overlay, the site allows for flexible usage and excellent future development possibilities, with a max residential FAR of 3.0. The main level boasts soaring ceilings and a wide-open layout, ideal for a variety of commercial purposes including retail, office, medical, or event space. The fully finished basement, featuring 10-ft ceilings, was previously used as a private event area, further enhancing the building's versatility. Completely gut renovated from top to bottom, the property includes a commercial kitchen setup, brand-new central A/C, updated electric and plumbing systems, and beautiful new flooring throughout. Move-in ready and offering incredible visibility, this location benefits from high foot traffic and is surrounded by a dense residential population. Steps to Ocean Parkway and the Q Train, and in close proximity to McDonald's, major banks, and numerous local businesses, this is a rare Avenue U opportunity that combines prime location, immaculate condition, and significant upside potential.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Finished, Full
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Utilities Available See Remarks
Building
Sewer Other
Water Other
Structure Type Brick
Others
Special Listing Condition None
Listed by RE/MAX Edge
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