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Built-Out Restaurant with Liquor License
For Sale
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688 Franklin Ave, Brooklyn, NY 11238

Restaurant space includes a vented kitchen, indoor dining room, backyard seating, and basement support areas.

Property Size1,600 SF
Price / SF$121.88
Days on Market149

Property Features for 688 Franklin Ave

General Information

Standard status Active
Size 1,600 SF
Property subtype Retail
Investment Type Owner/User

Restaurant

Commercial Hood Yes
Patio Yes
Equipment Included Yes
Liquor License Yes

Additional Details

Business Included Yes
Utilities to Site Yes
Listing Agency: The Agency NYC Real Estate
Listed By: Cary Tamura · License #NY 10301216951
Source: Crexi
Added: Apr 4 Changed: Aug 30 Last Checked: Aug 30 at 5:00AM

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 The Agency NYC Real Estate

Investment Insights

Based on property information with market context.

This 1,600 SF restaurant is configured for food-and-beverage operations, with a fully vented commercial kitchen served by gas, an indoor dining room, and backyard outdoor seating. The dining area accommodates 80+ guests and has a place of assembly certificate. A basement adds operational support through a walk-in refrigerator, private office, and space for preparation and storage.

The property is located at 688 Franklin Ave in Brooklyn’s Crown Heights neighborhood, on a high-traffic block surrounded by dense residential buildings, nightlife, and established dining destinations. The sale includes a full liquor license with a 4:00 AM allowance, supporting continued restaurant, bar, lounge, or other hospitality use as permitted.

Key Highlights

  • 1,600 SF fully built‑out restaurant space
  • Fully vented commercial kitchen with gas service
  • Indoor dining room seats 80+ guests

Property Analytics

Current Use

Mayfield Restaurant

Suggested Use

Top Pick Law Firm Dental Office Nursing Home Parking Lot & Garage Real Estate Agency Auto Parts Store

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

Lease Details

Turnkey business
Opportunity
Yes
Utilities to site
Yes
Commercial hood
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

6,146
Businesses Nearby
145k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 52% Dining 24% Groceries 13% Apparel 7%
Shell Shops & Services
29,804 visits/mo 0.3 miles
Urban Market by Key Food Groceries
13,185 visits/mo 0.4 miles
McDonald's Dining
12,482 visits/mo 0.5 miles
Dunkin' Donuts Dining
9,793 visits/mo 0.4 miles
Popeyes Louisiana Kitchen Dining
9,352 visits/mo 0.4 miles

Demographics for 11238, NY

60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
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
Rey
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Similar Off Market Nearby

  • Soldier 1444 Fulton St, Brooklyn, NY 11216

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant space includes a vented kitchen, indoor dining room, backyard seating, and basement support areas.
Where is this conventional restaurant located?
The property is located at 688 Franklin Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,600 SF fully built‑out restaurant space; Fully vented commercial kitchen with gas service; Indoor dining room seats 80+ guests
(917) 604-0809 Call to check price and availability
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