327 Douglass Street is in a federally designated Opportunity Zone, giving qualified investors access to potential federal capital gains tax benefits. The property is a 6,000 square foot commercial building with 82 feet of frontage, just a short walk from Barclays Center and Atlantic Terminal.
Formerly a music school, the building is configured with both large open areas and private rooms. This adaptable single level layout supports retail, showroom, office, creative, or educational use. Features include high ceilings, exposed beams, painted brick, wide corridors, oversized entryways, multiple restrooms, and a kitchenette.
The property sits in one of Brooklyn’s most active corridors, benefitting from steady pedestrian and vehicle traffic, excellent transit connectivity, and a dense mix of nearby residential and commercial development. With its scale, prime location, versatile design, and Opportunity Zone designation, 327 Douglass Street offers end-users and investors a rare opportunity to secure a tax-advantaged asset in the heart of Brooklyn. Ownership is currently accepting offers.