820 Utica AveBrooklyn, NY 11203

For Sale
$1,999,000

Utica Ave Investment: Retail, Residential, Office

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property, located at 820-822 Utica Avenue in Brooklyn, New York, presents a compelling investment opportunity. Priced at $1,999,000, this "as is" sale includes two retail stores, three residential apartments, and one office space. The building, situated on a 40 x 100 foot lot, boasts dimensions of 40 x 60 feet. Currently occupied by tenants with no formal leases in place, the property offers significant potential for renovation and increased rental income. The property is subject to existing violations. Its prime location on the bustling Utica Avenue corridor provides excellent visibility and accessibility, benefiting from proximity to major transportation hubs and a wide array of established businesses. Conveniently located between Linden Boulevard and Church Avenue, near the Sutter Avenue – Rutland Road subway station (2, 3, 4, & 5 trains), and served by several bus lines (B46, B46-SBS, & B35), this property enjoys exceptional transit connectivity. Nearby, a vibrant commercial landscape includes well-known national brands such as Walgreens, McDonald's, Chase Bank, and many others, ensuring a strong and consistent customer base for the retail spaces. The thriving East Flatbush neighborhood, with its diverse and growing population, guarantees high demand for both residential and commercial units. This property offers a unique chance to capitalize on Brooklyn's dynamic real estate market. Serious inquiries only.

Highlights

  • 40' x 100' lot.
  • 40' x 60' building.
  • As-is sale; subject to violations and existing tenants.
  • No existing leases.
  • Two retail spaces.
  • Three residential apartments.

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6530186
Longitude
-73.9308283
820 Utica Ave, Brooklyn, New York

FAQs

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820 Utica Ave
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