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    1348 Utica Ave Brooklyn, NY 11203

    Sponsored
    For Sale
    $750,000

    1,600 SF Warehouse, Vacant, $750K

    Property size:
    1,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a vacant 1,600-square-foot warehouse situated on a 0.05-acre lot at 1348 Utica Avenue in the East Flatbush section of Brooklyn, New York, zip code 11203. The property is zoned M1-1 and offers significant potential for a variety of uses. The main warehouse space measures 20 feet wide by 80 feet long, providing ample room for storage or manufacturing. In addition to the ground floor warehouse, there is an approximately 500-square-foot office space located on the second floor, adding versatility to the property. The total building area, including the upstairs office, is approximately 2,100 square feet. This property is ideally located in a vibrant and accessible area of Brooklyn, offering easy access to major transportation routes and a strong local market. The asking price for this turnkey warehouse is $750,000. This represents a compelling opportunity for investors seeking a well-located, versatile industrial property in a rapidly developing area of Brooklyn. The property is currently vacant, allowing for immediate occupancy and customization to suit the buyer's specific needs. Don't miss this chance to acquire a valuable asset in a prime Brooklyn location.

    Property Features for 1348 Utica Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    1,600 SF
    Lot Size
    2,178 SF

    HighLights

    • $750,000 asking price.
    • 1,600 square foot warehouse in Brooklyn, NY.
    • Vacant industrial property.
    • Located on a 0.05‑acre lot.
    • M1‑1 zoning.
    • Includes approximately 500 square feet of upstairs office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    RH Auto Repair ... Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -73.9293919
    Latitude
    40.6395285

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    FAQs

    What type of property is this?
    Distribution property - 1,600 SF Warehouse, Vacant, $750K
    Where is this distribution property located?
    The property is located at 1348 Utica Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price.; 1,600 square foot warehouse in Brooklyn, NY.; Vacant industrial property.
    Request Owner's contact information
    1348 Utica Ave Brooklyn, NY 11203
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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
    1348 Utica Ave Brooklyn, NY 11203
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