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    163 8Th Ave New York, NY 10011

    Sponsored
    For Lease
    Contact for pricing

    Two Vacant Units, 2,956 SF Total

    Lot size:
    2,956 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    332
    This exceptional commercial property at 163 Eighth Avenue presents a rare opportunity in the vibrant Chelsea neighborhood. Located in the West Block between 18th and 19th Streets, this retail and restaurant space offers a total of 2,956 square feet, currently entirely vacant, providing immediate occupancy for a discerning tenant or investor. The property features two equally sized units, each boasting 1,478 square feet. Both units are situated on the ground floor and in the basement, offering versatile layout options. The space benefits from a desirable 14-foot frontage, ensuring high visibility and accessibility for customers. Nine-foot ceilings provide ample space and a comfortable atmosphere. The location is unparalleled, surrounded by established businesses including Valley Bank, The Joyce Theater, Shaffer's, and Starbucks, guaranteeing high foot traffic and a thriving commercial environment. The lease term is negotiable, with options ranging from 10 to 15 years. This is an exceptional opportunity to establish a presence in one of Manhattan's most sought-after neighborhoods. Rent is available upon request. The property's status is currently vacant, ready for immediate customization and occupancy. This prime location offers significant potential for a variety of retail, restaurant, or café concepts.

    Property Features for 163 8Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,956 SF

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    1,478 SF
    Space
    Basement
    Size
    1,478 SF

    HighLights

    • Prime Chelsea retail/restaurant space, 2,956 total square feet vacant.
    • Two available spaces totaling 1,478 square feet on the ground floor.
    • Additional 1,478 square feet available in the basement.
    • 9‑foot ceiling heights.
    • 14‑foot frontage.
    • Rent upon request, 10‑15 year lease terms available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.0008659
    Latitude
    40.7425366

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    FAQs

    What type of property is this?
    Restaurant - Two Vacant Units, 2,956 SF Total
    Where is this restaurant located?
    The property is located at 163 8Th Ave New York, NY.
    What are key features of this property?
    This property features: Prime Chelsea retail/restaurant space, 2,956 total square feet vacant.; Two available spaces totaling 1,478 square feet on the ground floor.; Additional 1,478 square feet available in the basement.
    Request Owner's contact information
    163 8Th Ave New York, NY 10011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    163 8Th Ave New York, NY 10011
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