Brooklyn Supermarket Opportunity on Kings
For Sale
$3,000,000
Pending
1824 Kings Hwy, Brooklyn, NY 11229
Established international supermarket with high revenue and loyal customer base.
Days on Market100
Property Features for 1824 Kings Hwy
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1925
Listing Agency:
Superior Realty Service
(347) 554-8282
Listed By:
Diana Melerud · License #MELNA1282
(347) 554-8282
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 1 at 11:59AM
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 Superior Realty Service
Investment Insights
Based on property information with market context.
This is an opportunity to acquire a supermarket located on Kings Hwy in Brooklyn. The property is situated in a high-traffic area and is surrounded by other businesses. The store specializes in international foods, offering products from around the world, and features freshly cooked food prepared on-site in back kitchens. Established over 30 years ago, the supermarket is well-organized and maintained, featuring an inviting glass front with window displays. The sale includes freezers, display fridges, and custom shelves. The store reports an annual revenue of $10 million. There are 70 workers in the supermarket. The lease ends in 2030 with an option to extend. The location has a walk score of 98, indicating it is a walker's paradise, a transit score of 80, indicating excellent transit, and a bike score of 58, indicating it is bikeable.
Key Highlights
- High annual revenue of $10 million.
- Prime location on Kings Hwy in Midwood with high traffic and excellent walk/transit scores (98/80).
- Established business of 30+ years with a large, loyal customer base.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,432
Businesses Nearby
195k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 21%
Office Supplies 16%
Electronics 2%
Raising Cane's Chicken Fingers
Dining
75,801 visits/mo
0.2 miles
Staples
Office Supplies
31,010 visits/mo
0.5 miles
Citibank
Shops & Services
21,126 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
14,183 visits/mo
0.3 miles
TD Bank
Shops & Services
12,989 visits/mo
0.5 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
- Kosher Palace Supermarket — 2818 Avenue U, Brooklyn, NY 11229
- Gmor Supermarket — 1569 Ave. S, Brooklyn, NY 10028
- Target Grocery — 1715 E 13th St, Brooklyn, NY 11229
- Gourmet Plaza — 1309 Kings Hwy, Brooklyn, NY 11229
- Jerusalem Glatt Meat — 710 Kings Hwy, Brooklyn, NY 11223
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established international supermarket with high revenue and loyal customer base.
Where is this grocery and convenience store located?
The property is located at 1824 Kings Hwy Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: High annual revenue of $10 million.; Prime location on Kings Hwy in Midwood with high traffic and excellent walk/transit scores (98/80).; Established business of 30+ years with a large, loyal customer base.
