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    185 Orchard St New York, NY 10002

    Sponsored
    For Lease
    $140 SF/Yr

    Prime LES Retail, 3,000 SF, Turnkey

    Lot size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,000-square-foot retail space, ideally situated on Orchard Street in the vibrant Lower East Side, presents a unique investment opportunity. Currently vacant and available for lease, this single-tenant property boasts a highly visible street frontage, perfect for a restaurant or retail establishment. The space is completely turnkey, featuring a fully equipped kitchen and a valuable existing full liquor license, significantly reducing start-up costs and time. Its location in the heart of the Lower East Side offers unparalleled access to a dense population base; over 183,000 residents live within a half-mile radius, creating a substantial customer pool. The area is already bustling with activity, boasting over 200 restaurants and cafes within easy walking distance, alongside numerous boutiques, museums, and hotels. The property's proximity to the Hotel Indigo (a 296-room establishment) further enhances its visibility and potential customer traffic. Convenient access to four subway lines ensures easy accessibility for both employees and customers. This large, open space offers significant potential for a variety of businesses seeking a prime location in one of Manhattan's most dynamic neighborhoods. The property's existing infrastructure and prime location make it an exceptional opportunity for a discerning tenant.

    Property Features for 185 Orchard St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,000 SF
    Total Rate
    35000

    Unit(s) available at that property

    Space
    Size
    3,000 SF
    Rate per SF
    $140

    HighLights

    • Prime Lower East Side location, adjacent to Hotel Indigo.
    • 3,000 SF of open space with high visibility street frontage.
    • Densely populated area: 183,000+ residents within 0.5 miles.
    • High concentration of restaurants and cafes nearby.
    • Excellent foot traffic in a vibrant retail corridor.
    • Turnkey restaurant space with full kitchen and liquor license.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rockwood Music Hall ... Live Music Venue Claw Daddy's Seafood Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -73.9883827
    Latitude
    40.7219949

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    FAQs

    What type of property is this?
    Restaurant - Prime LES Retail, 3,000 SF, Turnkey
    Where is this restaurant located?
    The property is located at 185 Orchard St New York, NY.
    What is the lease rate?
    The lease rate is $140 SF/Yr.
    What are key features of this property?
    This property features: Prime Lower East Side location, adjacent to Hotel Indigo.; 3,000 SF of open space with high visibility street frontage.; Densely populated area: 183,000+ residents within 0.5 miles.
    Request Owner's contact information
    185 Orchard St New York, NY 10002
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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
    185 Orchard St New York, NY 10002
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