1140 Utica Ave Brooklyn, NY 11203
- Manufacturing properties
- 10,800 SF
- 0.14 lot acres
Current Use by Public Records
- Vegan kitchen Utica / Vegan Restaurant
- Clarendon Cookshop / Takeout Restaurant / Delivery Restaurant
- Asian With A Twist / Asian Restaurant
- Po Kitchen - Myanmar Cuisine / Burmese Restaurant
- YASO / Restaurant
Property Details for 1140 Utica Ave
- Year built
- 1931
- Lot size
- 0.14 lot acres
- Property size
- 10,800 SF
- Zone code
- C8-1
- Property type
- Manufacturing properties
- APN
- 04760-0027
- APU
- 47600027
Description
This 250-square-foot commercial kitchen space, located at 1140 Utica Avenue in Brooklyn, New York (zip code 11203, Kings County), presents a fantastic opportunity for food entrepreneurs. Classified as a Class B retail property, this single-tenant space is perfect for a variety of food-related businesses. The kitchen is designed as a turnkey solution, ideal for startups, personal chefs, caterers, food trucks, single-location operators, or national chains seeking expansion. Its compact size minimizes overhead costs, making it an attractive option for those seeking to maximize profit margins and minimize initial investment. The location within a high-demand delivery area offers significant potential for growth. The property's total building square footage is 200 square feet, with the kitchen occupying the entirety of this space. This efficient layout allows for streamlined operations and reduces unnecessary space. This is an exceptional opportunity to establish a thriving food business in a strategic Brooklyn location. The property is ready for immediate occupancy and offers a cost-effective entry point into the competitive food industry. This turnkey solution allows for quick setup and immediate revenue generation.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,235,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,560,000
- 6.5%
- $1,895,000
- 7%
- $1,855,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,890,000
- Geo Method
- $1,795,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,680,000
- Retail
- $1,810,000
- Mixed-Use
- $1,835,000
- Hospitality
- $1,920,000
- Educational
- $2,010,000
- Residential Income
- $1,460,000
- Energy
- $1,910,000
- Income-Based Land
- $1,735,000
- Food Service
- $1,805,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.93
- Latitude
- 40.645
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
