Excellent opportunity to own a prominent corner on Atlantic Avenue. This is a once in a generation chance to be part of what is quickly becoming one of the hottest areas in the City. The property is currently occupied as a gas station but has recently been rezoned to residential and commercial use. Current tenant has a five year lease with no options. The piece has considerable development rights and the mixed use zoning makes it a terrific investment or development location. Our estimates for the development rights are between 26,000 and 33,500 bsf depending on the development approach. Convenient to transportation, the Barclay’s Center, Downtown Brooklyn and Fulton Street commerce and amenities. Seller is seeking an all cash deal with a quick closing. Property will be sold as is.
