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Grnd Floor - Unit COMM
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Office/Retail
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481 SF
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$481,000 USD
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Unit Size: 481 SF
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Condo Use: Office/Retail
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Price: $481,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $1,000.00 USD
Description
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.
Sale Notes
Prime Location in East Williamsburg Near L Train
Excellent Buildout
ADA Bathroom
High Ceilings
16 feet of Frontage
High Traffic Area
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Dan Brady
The Corcoran Group
