Current Use by Public Records
- Lifestyle centers
Property Details for L 9313-9315-9317 Ave
- Lot size
- 0.13 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional value-add investment opportunity presents a three-story, multi-tenant retail storefront and shopping center located at 9313-9317 Avenue L, Brooklyn, NY 11236. The property boasts a total of 5,500 square feet situated on a 0.13-acre lot. Currently, the occupancy rate stands at 70%, offering immediate cash flow and significant upside potential. The existing tenants include a double-store office, a barbershop, and a nail salon, providing a diverse tenant mix. The property is offered at an asking price of $2,800,000, and is classified as a Net Net (NN) lease. The building's dimensions are approximately 55 feet by 100 feet. With a triple-net lease structure and zero years remaining on the current lease terms, this property presents a unique chance to reposition and increase rental income. The property's location in Brooklyn, Kings County, within the 11236 zip code, offers excellent visibility and access to a thriving commercial district. This is a rare chance to acquire a well-positioned retail property in a high-demand area with substantial potential for future growth and increased profitability. The property's current configuration and tenant mix provide a solid foundation for a savvy investor seeking a value-add opportunity in the New York City market.
Value Estimations
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AI approach
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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
- -73.898
- Latitude
- 40.6371
