1824 Kings Hwy Brooklyn, NY 11229
- Warehouses
- 10,000 SF
Current Use by Public Records
- Domino Supermarket / Supermarket
Property Details for 1824 Kings Hwy
- Property size
- 10,000 SF
- Property type
- Warehouses
- Property subtype
- Retail properties
Description
Exceptional investment opportunity: a thriving, established supermarket in Brooklyn's Midwood neighborhood, located on Kings Highway. This 10,000 square foot, three-story building sits on a 10,000 square foot lot and boasts 11-15 foot ceilings. The property features a captivating storefront with inviting glass windows, showcasing a diverse inventory. The interior includes modern amenities such as freezers, display fridges, and custom shelving. The business generates an impressive $10 million in annual revenue, supported by a loyal customer base and 70 employees. Currently operating under a lease with a monthly rent of $65,000, expiring in 2030 with an option to extend. The expansive back kitchens facilitate the preparation of freshly cooked food, a key component of the store's success. This turnkey operation offers a seamless transition for a new owner, capitalizing on a prime location in a high-traffic area surrounded by other businesses. The property's diverse product offerings, including international foods, contribute to its strong financial performance and established reputation within the community. The asking price for this exceptional commercial property is $3,000,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings (Brooklyn)
- State
- New York
- Longitude
- -73.9549
- Latitude
- 40.6101
