327 Douglass St - Storefront FOR SALE


Brooklyn, NY 11217- Gowanus
$5,800,000 USD
646-729-2887
327 Douglass St, Brooklyn, NY for Sale
$5,800,000 USD
Storefront - FOR SALE
1/21
null | Request Cap Rate

327 Douglass St
Brooklyn, NY 11217
Gowanus


HIGHLIGHTS

  • 327 Douglass Street is a single-level building with high ceilings, exposed beams, and flexible layouts for retail, office, showroom, or creative use.
  • Located steps from Barclays Center and Atlantic Terminal, benefiting from heavy foot traffic, excellent transit access, and prime Brooklyn visibility.
  • Opportunity Zone designation gives qualified investors potential federal capital gains tax benefits in one of Brooklyn's most active corridors.
  • Features include oversized entryways, wide corridors, multiple restrooms, and a kitchenette, supporting diverse tenant needs in a dynamic setting.

OVERVIEW

327 Douglass Street, a 6,000-square-foot single-level commercial building currently vacant and delivered as-is, presents a value-add and owner/user opportunity in the heart of Brooklyn. Formerly home to the School of Rock, the commercial asset features a flexible footprint with up to 14-foot ceilings, exposed beams, oversized entryways, wide corridors, multiple restrooms, and a kitchenette. The building offers 82 feet of frontage and expansive display windows that flood the interior with natural light, creating an ideal canvas for retail, showroom, office, creative, or educational use. Built out with 10 soundproof rooms and a ground-floor stage, the space is primed for repositioning or redevelopment. Located within a federally designated Opportunity Zone, the asset provides qualified investors with potential federal capital gains tax benefits, reinforcing its strong long-term upside. Positioned just steps from Barclays Center and Atlantic Terminal, 327 Douglass Street benefits from exceptional infrastructure and seamless connectivity via multiple MTA subway lines and the LIRR. The in-line retail location sits along one of Brooklyn’s most active commercial corridors, surrounded by national and neighborhood anchors including Starbucks, Whole Foods Market, and Ninth Street Espresso. Nearly 500,000 residents live within a 2-mile radius, generating approximately $6.4 billion in annual consumer spending with a median household income of $108,000. Strong pedestrian flow, steady vehicle traffic, and dense surrounding development create a dynamic environment that supports sustained commercial demand. Downtown Brooklyn and Fort Greene continue to demonstrate durable market fundamentals, with consistent demand for high-quality commercial space driven by residential growth, institutional investment, and retail expansion. 327 Douglass Street offers a rare opportunity to reposition a well-located asset in one of New York City’s most vibrant corridors. As Brooklyn’s commercial landscape continues to evolve, this asset provides a strategic platform for investors or owner/users seeking scale, frontage, and enduring market strength. Buyer to conduct all due diligence. Caveat emptor. Please reference code S327 for sale inquiries. Email inquiries only. No phone calls.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$967 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

M1-2

APN/PARCEL ID

00413-0047

ASK ABOUT THIS PROPERTY

John PasqualePEP Real EstateMore Info
646-729-2887

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John PasqualePEP Real EstateMore Info
646-729-2887

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.