245 7Th AveNew York, NY 10001

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.