8402 3Rd Ave Brooklyn, NY 11209
- Retail residential properties
- 8,640 SF
- 0.06 lot acres
Current Use by Public Records
- King Souvlaki / Greek Restaurant / Gyro Restaurant
Property Details for 8402 3Rd Ave
- Year built
- 1928
- Lot size
- 0.06 lot acres
- Property size
- 8,640 SF
- Zone code
- R6B
- Property type
- Retail residential properties
- APN
- 06024-0038
- APU
- 60240038
Description
This thriving Bay Ridge restaurant presents a fantastic turnkey opportunity for an ambitious entrepreneur. Located at 8402 3rd Avenue in Brooklyn, New York (zip code 11209), this 1,050 square foot retail space boasts a proven track record as King Souvlaki, a popular eatery. The property includes a spacious basement area, adding significant storage capacity. A large walk-in freezer is also included, ideal for restaurant operations. The property sits on a 2,400 square foot lot and features varied ceiling heights. The restaurant currently offers dine-in, takeout, and delivery services, showcasing its versatility and established customer base. A significant advantage is the remaining lease term: 13 years left, with a favorable 3% annual rent increase. The property also benefits from a separate water sub-meter, enhancing operational efficiency. Its convenient location near public transportation and shopping centers ensures high visibility and accessibility for customers. The asking price for this exceptional opportunity is $375,000. This is a rare chance to acquire a well-established, profitable business in a prime location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $480,000
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Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.0308
- Latitude
- 40.625
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
