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    548 Utica Ave Brooklyn, NY 11203

    Sponsored
    For Lease
    Contact for pricing

    Prime Kings County Mixed-Use Space Available

    Lot size:
    19,070 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use retail property, located at 548 Utica Avenue in Kings County, offers a unique investment opportunity. The newly constructed building boasts a total of 19,070 square feet, currently entirely vacant and available for lease. The space is highly versatile, with a minimum divisible unit of 1,123 square feet and a maximum contiguous space of 17,947 square feet, catering to a wide range of retail tenants. The property is ideally situated at the base of a 100% affordable, 322-unit residential building, ensuring a built-in customer base. A significant advantage is the inclusion of 11 dedicated parking spaces on-site, addressing a crucial need for customers and employees. Furthermore, this property is eligible for the FRESH Tax Credit, offering substantial financial incentives for qualified tenants. The building features a dedicated loading dock, specifically designed for efficient delivery and stock management, particularly beneficial for grocery stores or businesses requiring substantial deliveries. This prime location presents a rare chance to establish a thriving business in a rapidly developing area with strong potential for growth and high visibility. The flexible space options allow for customization to suit diverse business needs, making it an attractive proposition for a variety of retail concepts. Contact us today to learn more about this exceptional opportunity.

    Property Features for 548 Utica Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,070 SF

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    17,947 SF
    Space
    Lower Level Storage
    Size
    1,123 SF

    HighLights

    • 19,070 SF mixed‑use retail building available for lease in Kings County.
    • Two spaces available, ranging from 1,123 SF to 17,947 SF contiguous.
    • New construction with a dedicated loading dock.
    • Located at the base of a 322‑unit affordable housing development.
    • Includes 11 dedicated parking spaces.
    • Eligible for FRESH Tax Credits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9312658
    Latitude
    40.6599483

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    FAQs

    What type of property is this?
    Retail property - Prime Kings County Mixed-Use Space Available
    Where is this retail property located?
    The property is located at 548 Utica Ave Brooklyn, NY.
    What are key features of this property?
    This property features: 19,070 SF mixed-use retail building available for lease in Kings County.; Two spaces available, ranging from 1,123 SF to 17,947 SF contiguous.; New construction with a dedicated loading dock.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    548 Utica Ave Brooklyn, NY 11203
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