For Sale
$100,000

5803 7Th AveBrooklyn, NY 11220

Prime 2,700 SF lot, 7th Ave, Brooklyn.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional commercial land parcel, located at 5803 7th Avenue, 1st Floor, Brooklyn, NY 11220, presents a unique investment opportunity. The 2,700 square foot lot is situated in a prime location at the intersection of 7th Avenue and 58th Street. Currently improved with a 2,300 square foot building, previously occupied by a beauty school and salon, this property offers significant potential for redevelopment or continued operation under a new lease. The existing tenant is under a three-year lease with a five-year option, featuring a 3% annual rent increase. The landlord is prepared to execute a new lease agreement with a qualified buyer. The property's total square footage is 1,620 square feet, with a ceiling height specified as "Other." This property is ideal for investors seeking a strong foothold in a vibrant Brooklyn commercial district. The address is easily accessible and benefits from high visibility due to its location on a major thoroughfare. The existing lease provides immediate income potential, while the property's size and location offer considerable long-term growth prospects. Serious inquiries are encouraged.

Highlights

  • $100,000 asking price for commercial land.
  • 1,620 square feet building on a 2,700 square foot lot.
  • Located at 5803 7th Avenue, 1st Floor, Brooklyn, NY 11220.
  • Commercial land zoned for other uses.
  • Currently occupied by a beauty school and salon with a 3-year lease remaining, plus a 5-year option with 3% annual rent increases.

Property Details for 5803 7Th Ave

Property type
Land
Square Feet
1,620 SF

Location Insight

City
Brooklyn
County
Kings (Brooklyn)
State
New York
Latitude
40.6377895
Longitude
-74.0105182
5803 7Th Ave, Brooklyn, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5803 7Th Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message