476 Utica AveBrooklyn, NY 11203

Property Details for 476 Utica Ave

Year built

1931

Lot size

0.07 AC

Property size (Sq ft)

2,912 SF

Zone code

C8-2

Property type

Auto shops

APN

04588-0094

APU

45880094

Description

This exceptional 3,000-square-foot commercial property located at 476 Utica Avenue in Brooklyn, New York, presents a unique investment opportunity. Situated in Kings County, zip code 11203, this vacant single-story building sits on a 3,000-square-foot lot and is zoned C8-2. The property's versatile nature allows for a variety of uses, previously operating as an auto shop, bar, and storefront. The entire 3,000 square feet is net rentable, offering ample space for a wide range of businesses. The building's single-story design provides easy accessibility and efficient layout. Its prime location in Brooklyn offers excellent visibility and potential for high foot traffic, making it an ideal location for a variety of commercial ventures. This owner-user investment opportunity is perfect for entrepreneurs seeking a flexible and well-positioned space to establish their business. The property's size and zoning provide significant potential for future development and growth. This is a rare chance to acquire a substantial commercial property in a thriving Brooklyn neighborhood. The property's location offers easy access to major transportation routes and is surrounded by a diverse range of businesses and residential areas. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $707,718

  6.5%

  $653,278

  7%

  $606,615

• Comparable approach

  Method

  Valuation

  Relative Method

  $958,814

  Geo Method

  $958,814

• Alternative Use

  Use

  Valuation

  Residential

  $551,064

  Hospitality

  $504,772

  Educational

  $419,964

  Medical

  $434,408

  Retail

  $653,278

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6622

Longitude

-73.9318

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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