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2343 Utica Ave
Brooklyn, NY 11234
Flatlands Utica Avenue Development Site · Land For Sale · 0.80 AC

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INVESTMENT HIGHLIGHTS

  • Corner Lot at Major Intersection
  • Excellent Visibility and High Traffic over 40,000 vehicles per day
  • Nearly 350' Frontage on Utica Avenue

EXECUTIVE SUMMARY

34,876 SF Corner Parcel with nearly 350' frontage on Utica Ave, located at a major intersection. Currently built with Quick Service Restaurant with Drive Thru on Fillmore Avenue, and Retail Building with high exposed ceilings and mezzanine space. Currently features 50 car Parking Lot shared by commercial tenants. This Development Site is zoned C8-1 for 2.4 FAR for Community Facility use as of right.
Restaurant Lease expires December 31, 2025. The Retail Building Lease will expire Q1 2027.

PROPERTY FACTS

Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Community Centre
  • Schools
Total Lot Size 0.80 AC
Zoning C8-1 - C8-1 Zoning permits 2.4 Community Facility FAR as of right.

1 LOT AVAILABLE

Lot 26

Price $25,921,876 CAD
Price Per AC $32,376,322.51 CAD
Lot Size 0.80 AC

Flatlands, Brooklyn: corner lot with 350' frontage on Utica Ave, at intersection with Fillmore Ave, Flatbush Ave, and Avenue S. Near Kings Plaza with excellent transportation access. High visibility and traffic (over 40,000 vehicles per day). 2.4 FAR

DESCRIPTION

34,876 SF corner commercial parcel currently improved with a fast food restaurant with drive thru, a retail building with high ceilings and mezzanine space, and a 50 car parking lot. The restaurant lease will expire December 31, 2025 and the retail building lease will expire Q1 2027.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08511-0026
Land Assessment
$722,287 CAD
Improvements Assessment
$2,920,877 CAD
Total Assessment
$3,643,164 CAD
  • Listing ID: 38491496

  • Date on Market: 2025-11-18

  • Last Updated:

  • Address: 2343 Utica Ave, Brooklyn, NY 11234

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