Listing Courtesy of: Dan Brady - Corcoran Group 212-355-3550

550 Metropolitan Ave Unit COMM Brooklyn, NY 11211

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Apartment Residence
Beds
1 Baths
481 Sq. Ft.

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Last updated on 11/21/2024 11:49 AM
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. Continue reading
MLS#
RPLU-33423229901
Property Type
Apartment
Bathrooms
1 Full
Year Built
1930
HOA Fee
$177 Monthly
Square Feet
481 sq. ft

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Listing Courtesy of: Dan Brady - Corcoran Group 212-355-3550
Andrea Conner, License 10311208085, Xome Inc., License 10991227159, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067

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This content last refreshed on 11/21/2024 11:49 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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