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    1409 Kings Hwy Brooklyn, NY 11229

    Sponsored
    For Sale
    $3,800,000

    Prime Brooklyn Convenience Store, High Traffic

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail investment opportunity presents a thriving convenience store located at 1409 Kings Highway in Brooklyn, New York, 11229. The property boasts a prime location on King's Highway, a bustling thoroughfare with high foot and vehicle traffic. The building itself comprises 2,000 square feet on the ground floor and an additional 2,000 square feet in the basement, offering ample space for operations and storage. Currently operating at 100% occupancy, this single-tenancy property is offered at an asking price of $3,800,000. The lease structure is a NNN (Net, Net, Net) lease, meaning the tenant is responsible for most operating expenses, minimizing the owner's responsibilities. The property's strategic location is further enhanced by its proximity to a train station, just two blocks away, ensuring convenient access for both customers and employees. The surrounding area is characterized by the presence of numerous national tenants, indicating a strong and stable retail environment. This presents a compelling opportunity for investors seeking a high-performing, established convenience store in a prime Brooklyn location. The property is currently vacant, offering flexibility for a new tenant or owner-operator. The building is a single-story structure.

    Property Features for 1409 Kings Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,000 SF

    HighLights

    • 2,000 SF ground floor and 2,000 SF basement.
    • Offered at $4.5 million.
    • Two blocks from the train station.
    • Surrounded by national tenants.
    • Excellent location for national tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    NEWMARK Real Estate Agency Tumerkan Diamond Braces Cosmetic Dentist

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    -73.9588741
    Latitude
    40.6086816

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    FAQs

    What type of property is this?
    Individual retail property - Prime Brooklyn Convenience Store, High Traffic
    Where is this individual retail property located?
    The property is located at 1409 Kings Hwy Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: 2,000 SF ground floor and 2,000 SF basement.; Offered at $4.5 million.; Two blocks from the train station.
    Request Owner's contact information
    1409 Kings Hwy Brooklyn, NY 11229
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    Brooklyn, NY 11229
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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
    1409 Kings Hwy Brooklyn, NY 11229
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