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Raising Cane's Retail Space
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506 Utica Ave, Brooklyn, NY 11203

Retail property offered for sale at a Brooklyn address.

Property Size1,899 SF
Price / SF$7,206
Days on Market165

Property Features for 506 Utica Ave

General Information

Standard status Active
Size 1,899 SF
Property subtype Retail
Occupancy 100%
Lease Type Absolute Net
Investment Type Net Lease
Net Operating Income $650,000

Additional Details

Cap Rate 4.75%

Building Details

Year Built 2026
Tenancy Single
Listing Agency: JLL - New York City, New York
Listed By: Alex Geanakos · License #IL: #475.189621
Source: Crexi
Added: Mar 23 Changed: Aug 31 Last Checked: Aug 31 at 2:51AM

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 JLL - New York City, New York

Investment Insights

Based on property information with market context.

This retail space at 506 Utica Ave in Brooklyn, NY, contains 1,899 square feet and carries a 4.75% cap rate. The property is identified for sale and has a stated 2026 year built.

The asset is located in the 11203 ZIP code. Its classification is retail space, providing a focused description for buyers evaluating a compact commercial property in Brooklyn.

Key Highlights

  • 1,899 square feet of retail space
  • 4.75% cap rate
  • 2026 year built

Property Analytics

Current Use

FedEx OnSite Postal Service

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,213
Businesses Nearby
132k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 60% Shops & Services 23% Groceries 10% Home Improvements & Furnishings 5%
Wendy's Dining
22,854 visits/mo 0.0 miles
White Castle Dining
16,363 visits/mo 0.2 miles
KFC Dining
16,352 visits/mo 0.1 miles
BP Shops & Services
14,012 visits/mo 0.1 miles
Dunkin' Donuts Dining
10,056 visits/mo 0.2 miles

Demographics for 11203, NY

81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail property offered for sale at a Brooklyn address.
Where is this retail space located?
The property is located at 506 Utica Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $13,685,000.
What are key features of this property?
This property features: 1,899 square feet of retail space; 4.75% cap rate; 2026 year built
More about this property
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