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2343 Utica Ave - Flatlands Utica Avenue Development Site 0.8 Acres of Commercial Land Offered at $22,746,501 CAD in Brooklyn, NY 11234
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
Lot of 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.
Restaurant Lease expires December 31, 2025. The Retail Building Lease will expire Q1 2027.
Property Facts
1 Lot Available
Lot 26
| Price | $22,746,501 CAD | Lot Size | 0.80 AC |
| Price Per AC | $28,433,125.84 CAD |
| Price | $22,746,501 CAD |
| Price Per AC | $28,433,125.84 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.
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Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 08511-0026 | Improvements Assessment | $2,869,115 CAD |
| Land Assessment | $709,487 CAD | Total Assessment | $3,578,602 CAD |
Property Taxes
Parcel Number
08511-0026
Land Assessment
$709,487 CAD
Improvements Assessment
$2,869,115 CAD
Total Assessment
$3,578,602 CAD
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2343 Utica Ave - Flatlands Utica Avenue Development Site
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