8402 3Rd AveBrooklyn, NY 11209

For Sale
$375,000
Prime Bay Ridge location, established restaurant

Overview

Added:
Dec 11, 2024
Days on market:
125
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.

Highlights

  • Turnkey restaurant opportunity in Bay Ridge, Brooklyn.
  • 1,050 SF retail space at 8402 3rd Avenue, Brooklyn, NY 11209.
  • Includes spacious basement and large walk-in freezer.
  • 2,400 SF lot with varied ceiling heights; dine-in, takeout, and delivery.
  • 13-year lease remaining with 3% annual rent increases and separate water sub-meter.
  • $375,000 asking price.

Property Details for 8402 3Rd Ave

Property type
Retail properties, Restaurants
Square Feet
1,050 SF
Units
1

Location Insight

City
Brooklyn
County
Kings (Brooklyn)
State
New York
Latitude
40.624985
Longitude
-74.0307696
8402 3Rd Ave, Brooklyn, New York

FAQs

What type of property is this?
Retail property - Prime Bay Ridge location, established restaurant
Where is the retail property located?
The property is located at 8402 3Rd Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Turnkey restaurant opportunity in Bay Ridge, Brooklyn.; 1,050 SF retail space at 8402 3rd Avenue, Brooklyn, NY 11209.; Includes spacious basement and large walk-in freezer.
How can I contact the broker?
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8402 3Rd Ave
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