Established Asian Grocery Store
For Sale
Contact for pricing
1247 Avenue U, Brooklyn, NY 11229
Well-established retail business for sale in a high-traffic Brooklyn area.
Property Size3,800 SF
Price / SF$13.16
Days on Market152
Property Features for 1247 Avenue U
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Retail, Business for Sale
Building Details
Year Built
1928
Stories
3
Units
1
Listing Agency:
REMAX EDGE
Listed By:
Kelly Wu · License #New York
Source:
Crexi
Added: Mar 24
Changed: Aug 16
Last Checked: Aug 21 at 7:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX EDGE
Investment Insights
Based on property information with market context.
This is an opportunity to purchase a well-established retail business on Avenue U, a high-traffic commercial area in Brooklyn. The business currently operates as an Asian grocery and medicine store, offering packaged goods, herbal products, over-the-counter medicine, food, beverages, and daily essentials. The space is approximately 3,800 square feet, including a 20x95 ft ground floor and a full basement. The ground floor provides retail space, while the basement offers storage, a staff break area, and a bathroom. The space is equipped with organized shelving, display counters, refrigeration, and a large freezer room in the basement. The property is conveniently located near the Q train. Note that this sale is for the business only; the real estate is not included. The lease is to be negotiated.
Key Highlights
- Well‑established retail business for sale in a high‑traffic commercial area (Avenue U, Brooklyn).
- Currently operating as an Asian grocery and medicine store with diverse product offerings.
- Ample space: Approx. 3,800 sq ft total (ground floor plus full basement).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,165
Businesses Nearby
120k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 35%
Electronics 4%
McDonald's
Dining
38,215 visits/mo
0.1 miles
BP
Shops & Services
20,388 visits/mo
0.1 miles
BP
Shops & Services
15,135 visits/mo
0.4 miles
Chase Bank
Shops & Services
15,025 visits/mo
0.2 miles
Sunoco
Shops & Services
13,641 visits/mo
0.2 miles
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Sheepshead Bay Marketplace — 1717 Avenue Z, Brooklyn, NY 11235
- fruit and vegetable Brothers — 249 Avenue X, Brooklyn, NY 11223
- Khasky’s Marketplace — 426 Avenue U, Brooklyn, NY 11223
- Mtskheta Georgian Food Market — 389 Avenue X, Brooklyn, NY 11223
- Khaskys Market — 426 Avenue U, Brooklyn, NY 11223
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Well-established retail business for sale in a high-traffic Brooklyn area.
Where is this grocery and convenience store located?
The property is located at 1247 Avenue U Brooklyn, NY.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Well‑established retail business for sale in a high‑traffic commercial area (Avenue U, Brooklyn).; Currently operating as an Asian grocery and medicine store with diverse product offerings.; Ample space: Approx. 3,800 sq ft total (ground floor plus full basement).
