9302 3rd Ave - Drug Store FOR SALE


Brooklyn, NY 11209- Bay Ridge
$9,500,000 USD
917-539-0402
9302 3rd Ave, Brooklyn, NY for Sale
$9,500,000 USD
Drug Store - FOR SALE
1/5
null | Request Cap Rate

NEW


9302 3rd Ave
Brooklyn, NY 11209
Bay Ridge


HIGHLIGHTS

  • A 9,600 SF Retail Property with Full 5,000 SF Lower Level Delivered Vacant at Closing
  • Prime Bay Ridge Corner Location at 3rd Avenue and 93rd Street in a Desirable South Brooklyn Neighborhood
  • Zoned R6A/C1-3 with 3.0 FAR Allowing for 30,000 Buildable Square Feet as of Righ
  • Flexible Value-Add or Redevelopment Opportunity for Single-Tenant, Multi-Tenant, or Mixed-Use Development

OVERVIEW

The subject offering is a 9,600 square-foot single-story retail property located on the corner of 3rd Avenue and 93rd Street in Brooklyn’s Bay Ridge neighborhood. The offering consists of a 9,600-square-foot single-story retail property with a full 5,000-square-foot lower level, situated on a 9,600-square-foot lot. Formerly occupied by Rite Aid for the past 25 years, the site will be delivered vacant at closing. The building is configured 100 feet by 100 feet and zoned R6A/C1-3 with a 3.0 FAR, allowing for up to 30,000 square feet of buildable area as of right. Located in the heart of Bay Ridge—one of South Brooklyn’s most desirable residential neighborhoods—the property is surrounded by a strong mix of local and national retailers, including Chase Bank, Walgreens, Met Fresh Supermarket, HSBC, Starbucks, Dunkin’, and Foodtown. A rare opportunity to acquire an almost 10,000 square-foot single-story retail asset in Bay Ridge, the site can be redeveloped into a single or multi-tenant retail, or an investor can take advantage of the buildable square footage to develop a mixed-use or fully residential project.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$1,091 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

10,000 SF Vacant Corner Retail - Bay Ridge

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Supermarket, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R6A

APN/PARCEL ID

06106-0034

ASK ABOUT THIS PROPERTY

Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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