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Listing Courtesy of Corcoran Group
$481,000
Est. payment /mo
1 Bath
481 SqFt
UPDATED:
10/31/2024 11:37 PM
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 481 sqft
Price per Sqft $1,000
Subdivision Williamsburg,North
MLS Listing ID RPLU-33423229901
Style Walk-Up
HOA Fees $177/mo
HOA Y/N Yes
Year Built 1930
Property 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.
Location
Rooms
Basement Other
Interior
Fireplace No
Laundry Building None
Exterior
Exterior Feature None
View Y/N No
Present Use Investment
Porch None
Private Pool No
Building
Story 3
New Construction No
Others
Ownership Condominium
Monthly Total Fees $177
Special Listing Condition Standard
Pets Allowed Building No, No
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716