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    Lexington Ave New York, NY 10036

    Sponsored
    For Lease
    $102,000

    Thriving Smoke Shop, 450 sq ft

    Lot size:
    450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional single-tenant retail smoke shop, located in New York County on the Upper East Side, presents a lucrative investment opportunity. The property boasts a spacious 450 square foot footprint, perfectly suited for its current operation. The business is established and enjoys a strong presence within its immediate community. Financial details, including key money, are available upon request for qualified buyers. This turnkey operation offers a seamless transition for a new owner, minimizing the need for extensive renovations or start-up costs. The property's location within a vibrant and affluent neighborhood ensures consistent foot traffic and a loyal customer base. This is an ideal acquisition for an experienced entrepreneur seeking a profitable, established business in a prime Manhattan location. Serious inquiries only. All financial information will be disclosed under a Non-Disclosure Agreement (NDA) to protect the confidentiality of the seller. The property is offered as a complete business sale, including all existing fixtures, equipment, and inventory. Further details regarding the business financials and lease terms are available upon execution of a confidentiality agreement. Don't miss this chance to own a thriving business in a highly desirable area.

    Property Features for 0 Lexington Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    450 SF
    Total Rate
    102000

    Unit(s) available at that property

    Space
    Size
    450 SF
    Rate per SF
    $102,000

    HighLights

    • Upper East Side smoke shop for sale.
    • Single‑tenant retail space.
    • 450 square feet.
    • Located in New York County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.982101572598
    Latitude
    40.743309252838

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    FAQs

    What type of property is this?
    Retail property - Thriving Smoke Shop, 450 sq ft
    Where is this retail property located?
    The property is located at Lexington Ave New York, NY.
    What is the lease rate?
    The lease rate is $102,000.
    What are key features of this property?
    This property features: Upper East Side smoke shop for sale.; Single-tenant retail space.; 450 square feet.
    Request Owner's contact information
    Lexington Ave New York, NY 10036
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    New York, NY 10036
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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
    Lexington Ave New York, NY 10036
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