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    5005 5Th Ave New York, NY 10075

    For Lease
    Contact for pricing

    10,000 SF Restaurant Space Available

    Lot size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 10,000 square foot retail property, located on Fifth Avenue in New York County, presents a unique investment opportunity. Currently entirely vacant, this brand new, single-story building offers unparalleled flexibility for multiple tenants or a single large-scale operation. The space is currently configured to accommodate two separate 5,000 square foot units, ideal for restaurant concepts or similar businesses. However, the design allows for significant customization. The double-height ceilings create an impressive and spacious atmosphere, while the "white box" delivery condition provides complete freedom for tenant build-outs. The building's prominent location on Fifth Avenue ensures excellent visibility and signage opportunities, guaranteeing high foot traffic and brand exposure. The property is suitable for a wide range of uses, and the possibility of adding a second level or mezzanine further enhances its adaptability and potential. This is a rare chance to secure a prime retail space in a highly desirable location, offering significant potential for growth and return on investment. All utilities are available. The property is ready for immediate occupancy. Serious inquiries only.

    Property Features for 5005 5Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,000 SF

    Unit(s) available at that property

    Space
    Selling Lower Level
    Size
    5,000 SF
    Space
    Ground Floor
    Size
    5,000 SF

    HighLights

    • 10,000 SF retail building, fully vacant, in New York County.
    • Two 5,000 SF restaurant spaces available.
    • New single‑story building, suitable for national retailers.
    • Potential for second‑level mezzanine.
    • Delivered in white box condition.
    • Features double‑height ceilings and excellent signage opportunities.
    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 Clothing Store Food Market Gym & Fitness

    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
    -74.0105769
    Latitude
    40.6448541

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    FAQs

    What type of property is this?
    Restaurant - 10,000 SF Restaurant Space Available
    Where is this restaurant located?
    The property is located at 5005 5Th Ave New York, NY.
    What are key features of this property?
    This property features: 10,000 SF retail building, fully vacant, in New York County.; Two 5,000 SF restaurant spaces available.; New single-story building, suitable for national retailers.
    Request Owner's contact information
    5005 5Th Ave New York, NY 10075
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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
    5005 5Th Ave New York, NY 10075
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