1508 Bushwick AveBrooklyn, NY 11207
- Gas stations
- 340 SF
Property Details for 1508 Bushwick Ave
- Year built
- 1986
- Lot size
- 0.23 AC
- Property size (Sq ft)
- 340 SF
- Zone code
- C8-1
- Property type
- Gas stations
- APN
- 03466-0030
- APU
- 34660030
Description
This exceptional commercial property, located at 1508 Bushwick Avenue in Brooklyn, NY 11207, presents a unique investment opportunity. The site boasts a high-traffic corner location and offers flexible leasing options. Currently configured as a former gas station, the property is zoned C8-1 and encompasses approximately 10,000 square feet of land. Potential tenants can lease the existing structure, adapting it for use as a gas station or charging station. Alternatively, the existing structure can be demolished by the landlord, creating a pad site ideal for a build-to-suit development ranging from 8,000 to 10,000 square feet. This build-to-suit option allows for significant customization, catering to a wide range of retail or restaurant concepts. The property's prime location in Brooklyn, combined with its versatile configuration and build-to-suit potential, makes it an attractive proposition for businesses seeking a high-visibility presence in a thriving market. The property is suitable for single-tenant occupancy. This is a rare opportunity to secure a prominent location in a rapidly developing area of Brooklyn. The property's size and zoning provide ample flexibility for a variety of commercial uses.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $64,317.10
- 6.5%
- $59,369.70
- 7%
- $55,129
-
Comparable approach
- Method
- Valuation
- Relative Method
- $46,201.40
- Geo Method
- $46,201.40
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $115,777
- Mixed-Use / Specialty
- $59,158
- Hospitality / Lodging
- $43,402.30
- Office
- $58,806.60
- Institutional / Educational
- $61,500.50
- Residential Income
- $71,955.60
- Multifamily
- $86,299.60
- Automotive / Energy
- $52,714.70
- Parking / Income-Based Land
- $18,191.20
- Restaurant / Food Service
- $30,768.50
- Healthcare / Senior Housing
- $60,665.40
Location Insight
- City
- Brooklyn
- County
- Kings
- State
- New York
- Latitude
- 40.6824
- Longitude
- -73.9064
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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