Wythe Ave Brooklyn, NY 11249
- Specialty properties
Current Use by Public Records
- Specialty properties
Property Details for 0 Wythe Ave
- Property type
- Specialty properties
Description
This exceptional 10,000-square-foot special purpose property, zoned M1-2, presents a unique investment opportunity in the vibrant Williamsburg submarket. Currently configured as a nightclub and bar, this single-tenant space boasts impressive features ideal for a variety of entertainment uses. The building offers a substantial 50-foot frontage and soaring 23-foot ceilings, creating a dramatic and spacious atmosphere. With a capacity of 750 people, this venue is perfectly positioned to cater to large crowds. Its strategic location next to the Wythe Hotel and just five blocks from the L train ensures high visibility and convenient access for patrons. The absence of residential neighbors minimizes potential noise complaints, while the possibility of installing venting systems adds to its operational flexibility. A 5 to 10-year lease is available, providing long-term stability for the investor. The property's history as a successful nightclub and bar demonstrates its proven potential for generating significant revenue. The current monthly rent is $83,000. This is a rare chance to acquire a well-established entertainment space in one of Brooklyn's most sought-after neighborhoods. The property's size, location, and existing infrastructure make it an attractive proposition for experienced investors seeking a high-return investment in the thriving Williamsburg nightlife scene.
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
- State
- New York
- Longitude
- -73.9575
- Latitude
- 40.7232
