511-513 Third Avenue at 12th Street -- 40-foot frontage on Third AvenueLot Size: 3,000 sf. Buildable to 9,000 sf.Zoned R6A with C2-4 commercial overlayThis development site for sale is located in the heart of Gowanus, with easy access to all transit (Brooklyn Queens Expressway, Battery Tunnel into Manhattan, F/G/N/R subway lines, and buses B37 & B103Limited).Recently The Real Deal listed area retail space as scarce and up to $65 per sq. ft., when available. Current and proposed local developments indicate a strong need for additional space in commercial, residential, industrial, artisanal, and the community space use sectors. Whichever way you choose to develop 511-513 Third Avenue, you will undoubtedly meet the needs of the community and garner a healthy roll, with minimal vacancy loss.There is strong interest in Gowanus properties, evidenced by increased commercial activity and occupancy along the Third Avenue corridor. The fact that the MTA has returned the B37 bus route and added new B103Limited bus stops to support transit throughout the Third Avenue corridor confirms this growing demand.New business development is visible. Commercial activity in the district is buoyed by the recently opened Whole Foods Market and demonstrated by expansion of local businesses like Four & Twenty Blackbirds Bakery. La Quinta Inns & Suites is just one block away, and Lowes Home Improvement and Pathmark supermarket act as nearby anchor stores. Renovation of a 30,000+-sf office building is nearing completion on the next block, and a retail complex is being planned. Family-friendly options, childrens after-school events, and evening entertainment are available as well. Of course, existing "maker" and industrial jobs, expanding artisanal workshops and galleries, the increasing number of boutiques and retail stores, and co-working incubators further extend the appeal of today's Gowanus to these broader demographics.A strong part of this district's appeal remains its ongoing industrial and low-rise component. This site was a filling station and currently houses an auto body shop. While it appears clean, any buyer would perform environmental inspections as needed prior to purchase.Currently built as a 1-story concrete building (approx. 2,000 sf) with attached office and bathroom, this site is ripe for development to a maximum floor area of 9,000 sf. With its 40-foot of avenue frontage and 75-foot depth, this parcel offers a buyer an opportunity to enter the Gowanus marketplace.
