343 78Th StBrooklyn, NY 11209

For Sale
$2,500,000

Restaurant & Office Space, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional Bay Ridge, Brooklyn property at 343 78th Street presents a compelling investment opportunity. The three-story building boasts 8,100 square feet of space, ideally suited for a variety of commercial uses, including restaurant and office operations. Currently configured as a multi-unit building, it offers flexibility for diverse business needs. The building sits on a 6,287 square foot lot, with dimensions of approximately 27.5 feet wide by 109.33 feet long. Ceiling heights range from 8 to 10 feet. This property is strategically located in a high-traffic area near the vibrant shopping and dining districts of Bay Ridge's 3rd and 4th Avenues, ensuring high visibility and accessibility. The R4A zoning designation unlocks significant potential for future development and expansion. This offering includes three units across three stories. Note that this property is also available as part of a package deal with a neighboring property (MLS#480270 - 347 78th Street), creating a combined lot size of 57x109 feet. The asking price for this individual property is $2,500,000. This presents an excellent opportunity for investors, developers, and those seeking a 1031 exchange. The property's prime location and zoning potential make it an attractive investment in a thriving Brooklyn neighborhood.

Highlights

  • 8,100 SF three-story building on a 6,287 SF lot in Bay Ridge, Brooklyn.
  • Suitable for various commercial uses, including restaurants and offices.
  • Located in a high-traffic area near 3rd and 4th Avenues, offering high visibility.
  • R4A zoning allows for significant development potential.
  • Asking price: $2,500,000. Available individually or as part of a package deal with a neighboring property.

Property Details for 343 78Th St

Property type
Other specialty properties, Other retail properties
Square Feet
8,100 SF
Stories
3
Units
3

Location Insight

City
Brooklyn
County
Kings (Brooklyn)
State
New York
Latitude
40.62918
Longitude
-74.027219
343 78Th St, Brooklyn, New York

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343 78Th St
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