8681 18Th AveBrooklyn, NY 11214

For Sale
$6,900,000

High-traffic location, two tenants, tax abatement.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional two-story mixed-use commercial building, located at 8681 18th Ave in Brooklyn, Kings County, New York (zip code 11214), presents a compelling investment opportunity. Boasting 11,600 square feet, the property is offered at $6,900,000, translating to a price per square foot of $594.83. The building benefits from a C8-1 zoning designation. Currently, two commercial tenants occupy the space, generating consistent income. A significant advantage is the presence of a tax abatement, providing substantial financial relief that extends until 2027. The property's location in a high-traffic area ensures excellent visibility and accessibility for businesses. This makes it an ideal investment for those seeking a stable, income-producing asset in a thriving Brooklyn neighborhood. The building's size and zoning offer flexibility for future development or expansion, catering to a variety of commercial uses. This is a rare opportunity to acquire a well-situated, income-generating property with significant long-term potential. The coordinates are 40.6055437 latitude and -74.0039841 longitude.

Highlights

  • Exceptional two-story mixed-use building in Brooklyn, NY (11214), totaling 11,600 square feet.
  • Offered at $6,900,000, representing $594.83 per square foot.
  • C8-1 zoning.
  • Two commercial tenants provide consistent income.
  • Tax abatement in place until 2027.
  • High-traffic location ensures excellent visibility and accessibility.

Property Details for 8681 18Th Ave

Property type
Individual retail properties, Other mixed-use properties
Square Feet
11,600 SF
Stories
2

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6055437
Longitude
-74.0039841
8681 18Th Ave, Brooklyn, New York

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8681 18Th Ave
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