$4,000,000

816 Avenue U, Brooklyn, NY 11223

  • 3,403 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1931
  • Property Lot Size Icon3,202sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $1,175/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Listing Office:
RE/MAX Edge : 718-288-3835
MLS ID:
853282
  • Basement: FinishedFull
  • A/C: None

This listing courtesy of RE/MAX Edge

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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