For Sale
$175,000

2711 Mermaid Ave Brooklyn, NY 11224

Established Business, 5,000 SF, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 5,000 square foot retail space at 2711 Mermaid Avenue in Brooklyn, New York, presents a unique investment opportunity. Located in a high-traffic area near the post office, this established business boasts a strong history, operating successfully for over 35 years. The property features a desirable L-shaped layout with a generous 28-foot frontage and 140-foot depth. The space is well-equipped with modern amenities including central air conditioning, two gas blowers, and a bathroom. Recent upgrades include a new storefront, new lighting, and new gates, enhancing both curb appeal and functionality. Extensive shelving is already in place, ready for immediate use. The current lease agreement offers a five-year term with a five-year option, and the gross monthly rent is $8,200. The asking price for this turnkey retail property is $175,000, making it an attractive proposition for savvy investors seeking a proven, established business with significant growth potential. The property is situated in Kings County, New York, with the zip code 11224.

Property Details for 2711 Mermaid Ave

Property type
Retail properties
Square Feet
5,000 SF

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.575769
Longitude
-73.9937154

FAQs

What type of property is this?
Retail property - Established Business, 5,000 SF, High Traffic
Where is the retail property located?
The property is located at 2711 Mermaid Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $175,000.
How can I contact the broker?
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2711 Mermaid Ave
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