816 Avenue U

brooklyn, NY 11223

$4,000,000

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    A fully renovated commercial gem in the heart of Avenue U’s thriving business district, this former Spanish restaurant offers an exceptional opportunity for investors, developers, or owner-users seeking a turnkey property with outstanding potential. Situated on a 41 ft x 83 ft lot with R6A zoning and a C1-4 commercial overlay, the site allows for flexible usage and excellent future development possibilities, with a max residential FAR of 3.0. The main level boasts soaring ceilings and a wide-open layout, ideal for a variety of commercial purposes including retail, office, medical, or event space. The fully finished basement, featuring 10-ft ceilings, was previously used as a private event area, further enhancing the building’s versatility. Completely gut renovated from top to bottom, the property includes a commercial kitchen setup, brand-new central A/C, updated electric and plumbing systems, and beautiful new flooring throughout. Move-in ready and offering incredible visibility, this location benefits from high foot traffic and is surrounded by a dense residential population. Steps to Ocean Parkway and the Q Train, and in close proximity to McDonald’s, major banks, and numerous local businesses, this is a rare Avenue U opportunity that combines prime location, immaculate condition, and significant upside potential.

    Details

    3,403 Sq Ft

    3,200 Sq Ft Exterior Space

    Commercial

    $26,883 Annual Tax

    Built in 1931

    MLS/Listing ID 853282

    Amenities & Features

    Construction - Brick

    Listing Courtesy of RE/MAX EDGE, MICHELLE J. ZHANG - 646-937-2188

    ONEKEY

    Source of Data: ONEKEY MLS

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