VACANT MEDICAL OFFICE BUILDING W/ 2-BEDROOM, 2-BATHROOM APARTMENT - ZONED R7A POTENTIAL DEVELOPMENT SITE Presenting a rare opportunity in the heart of Brooklyn, this versatile VACANT property offers a medical office building with immediate medical office use which contains a huge basement and a 2-bedroom, 2-bathroom apartment above, with substantial development potential. Situated on a 23.5 ft x 125.75 ft lot and with building dimensions of 20 ft x 125 ft (4,315 SF), this property is zoned R7A, providing a unique blend of current medical office use with the 2-bedroom, 2-bathroom apartment above, which can remain as residential space or be converted into additional office space. Upon entering the main floor, you are greeted by a spacious waiting room, which is partitioned from the reception area, creating an organized and professional atmosphere. The hallway leads to an office space for the doctor, ideal for paperwork but could also be repurposed as an additional examination room. Continuing through the space, you will find 6 examination rooms, 3 bathrooms, and a sitting room (could be used for testing), making this a fully functional medical office. The upper level features a 2-bedroom, 2-bathroom apartment, complete with a living room, dining area, and kitchen. The apartment can be maintained as residential or converted into office space depending on the buyer's needs. Additionally, the property includes a huge basement, offering ample storage space, an electrical room, and 3 additional rooms that can be used for various business or operational purposes. The property's R7A zoning provides significant development potential, offering a residential FAR of 4 and a facility FAR of 4, with a maximum usable floor area of 11,820 square feet. Currently, the building is configured with 4,315 square feet of usable space, leaving 7,506 square feet of unused FAR, the FAR as built is 1.46, creating an incredible opportunity for expansion or the development of apartments, condominiums, or mixed-use buildings. The surrounding block is experiencing continued growth and development, making this property a prime candidate for both immediate use and long-term investment growth. Whether you're looking to continue utilizing the property as a medical office, expand with more office space, or capitalize on its development potential for residential units, 2508 Ocean Ave offers a rare and valuable opportunity in one of Brooklyn's most desirable neighborhoods. PROPERTY TAXES, CURRENTLY BASED ON THE COMMERCIAL SPACE ON THE FIRST FLOOR, CAN BE EASILY REASSESSED TO RESIDENTIAL RATES IF CONVERTED BACK TO RESIDENTIAL USE, RESULTING IN A SIGNIFICANT TAX REDUCTION. This property is ideal for medical professionals, developers, or investors looking to take advantage of a property with tremendous flexibility and future potential. With its prime location, Zoning R7A, unused FAR, and huge basement, the property represents an unparalleled investment in Brooklyn real estate.