Property summary
This exceptional Bushwick, Brooklyn property at 501 Bushwick Avenue offers three distinct retail spaces totaling 84,826 square feet within a two-story building situated on a 16,000 square foot lot. The building is zoned R7A and boasts convenient access to public transportation, including the J, M, & Z trains at the nearby Flushing Avenue and Myrtle Avenue station, as well as several bus lines (B57, B46, B47, B15, B54, & B60). The location benefits from high foot traffic and proximity to numerous established businesses, including IHOP, Burger King, McDonald's, and many more. Three spaces are available, ranging from 1,400 to 6,900 square feet, with a minimum divisible space of 1,400 square feet and a maximum contiguous space of 4,800 square feet. Currently, 6,200 square feet are vacant. Spaces feature attractive glass frontage, high ceilings (15-20 feet), and ADA accessibility. Ample parking is available on-site (3 spaces). Space 1 (ground floor) is ideal for retail uses like pet supplies or home goods. Space 2 (1,500 sq ft ground level + 4,500 sq ft lower level) is suitable for spas, medical offices, or recording studios. Space 3 (6,900 sq ft), a former supermarket, is perfect for larger retail concepts like supermarkets, organic markets, or cafes with co-working space. This property presents a unique branding opportunity at the base of a 392-unit residential building, ensuring a built-in customer base. Space 3 includes a walk-in fridge and freezer in the lower level. Kings County location.
Property profile
VerifiedCap rate & NOI
Current use
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Gym & Fitness Center
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Specialty Food Shop Wine and Liquor Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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