Active
550 Metropolitan Avenue COMM
Brooklyn NY, 11211
$481,000
$1,000.00 per sqft
Active
1 Bath
481 sqft
Condos
Built in 1930
COMMERCIAL CONDO FOR SALE. Very rare opportunity to own a commercial condo in Williamsburg. Presently designed as a wine bar, this street-level space could accommodate many successful uses. It boasts high ceilings, an ADA bathroom, a fully functional bar with dishwasher, glass racks, sinks, reach-in refrigerator, and a storage room with an ice machine and freezer. The 16 feet of frontage along Metropolitan Avenue is less than a block from the extremely popular Lorimer stop on the L. This format could be easily adapted into a coffee bar, a speakeasy, or using the installed plumbing to create a hair salon. As an investor, this commercial condo offers the opportunity to reap rewards. The wine bar paid market rent plus the low common charges and RE taxes, which is standard, providing a return on investment of over 10%. New tenants will be attracted to the prime location, the excellent condition of the space, the lack of key money required, and the opportunity to start a new lease with new terms. For an end-user, the location is ideal to begin a new business for the price many establishments charge for key money. Ready to show any time.
RPLU-33423229901
MLSⓇ ID
October 18, 2024
Listed
November 4, 2024
Updated
Map
550 Metropolitan Avenue COMM
Brooklyn NY, 11211
Interior Features
Total Stories
3
Total Bathrooms
1
Full Bathrooms
1
Laundry Description
Building None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Exterior Features
None
Architectual Style
Walk-Up
Other Property Details
Common Charges
$177
Common Charges Frequency
Monthly
Garage
No
View
No
County
Kings
Pool
No
Zoning
R7A
Listed by Dan Brady with Corcoran Group
Listing Contact: (917) 202-5609
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved
Data last updated on 11/4/2024 at 4:28 PM UTC