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.