245 7Th AveNew York, NY 10001

For Sale
$9,450,000

Prime Chelsea retail space, vacant, 8,840 SF

Overview

Added:
Dec 11, 2024
Days on market:
97
This exceptional retail condominium unit, located at 245 7th Avenue in prime Chelsea, offers a rare opportunity for value-add investment. The 8,840-square-foot space is currently vacant and boasts 120 feet of wrap-around frontage along 7th Avenue and West 24th Street, ensuring high visibility and significant foot traffic. The ground floor comprises approximately 5,592 square feet, complemented by an additional 3,248 square feet in the cellar. The space features impressive 15-foot ceiling heights and offers the flexibility to be divided into multiple storefronts, catering to a variety of retail, business, or professional uses, as permitted by the certificate of occupancy (Use Group 6). Its strategic location at a heavily trafficked corner places it just two blocks from Madison Square Park and provides easy access to multiple subway lines, including the C, E, 1, F, M, and PATH trains. Benefiting from strong co-tenancy, including Whole Foods Market, Crumbl, The Fashion Institute of Technology, Starbucks, Chase Bank, and Bank of America, this property presents a compelling investment prospect in a vibrant and desirable neighborhood. The asking price is $9,450,000, representing a fee simple ownership.

Highlights

  • Prime Chelsea location.
  • High visibility with 120' of wraparound frontage.
  • Across from Whole Foods Market.
  • 15' ceiling heights.
  • No tenant use restrictions.
  • Convenient access to C, E, 1, F, M subway lines and PATH train.

Location Insight

City
New York
County
New York
State
New York
Latitude
40.744897106274
Longitude
-73.995087357206
245 7Th Ave, New York, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
245 7Th Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message