New Listing - 10/18/2024
Listing courtesy of Corcoran Group
550 Metropolitan Avenue, #COMM, Brooklyn, (Williamsburg), NY, 11211
2 rooms
0 beds
1 Full baths
2021
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.
Status:
Active
Town:
Brooklyn
Type:
Condo
Laundry Remarks:
None
Zoning:
R7A
Building Type:
Low-Rise
Cooling:
Unknown Type
Levels:
7
Amenities:
Bike Room; Roof Deck;
Pet Policy:
No Pets
Washer/Dryer Allowed:
Yes
Building Access:
Elevator
Service Level:
Virtual Doorman
Built Size:
25'x35'
OLR #:
RPLU33423229901
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