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    OFF-MARKET
    Retail properties & Spaces

    447 Lexington Ave, New York, NY 10017

    7,000 SF
    Property ID
    Property summary
    AI-generated overview

    447 Lexington Avenue presents a unique opportunity for discerning businesses seeking a prominent location in the heart of New York City. This exceptional property offers a total of 7,000 square feet of commercial space, ideally suited for retail or restaurant use. The building is currently fully vacant, providing a blank canvas for a new tenant to create their ideal space. Two suites are available, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 6,000 square feet, offering flexibility for various business needs and expansion plans. The property's previous tenant, Davio's Steakhouse, left behind a well-equipped, second-generation restaurant space, featuring existing infrastructure that significantly reduces build-out costs and time. This turnkey solution is perfect for restaurant operators looking for a quick and efficient entry into a high-traffic area. Located in New York County, at 447 Lexington Avenue, zip code 10017, this property benefits from excellent visibility and accessibility, making it an ideal location to attract a large customer base. The address is strategically positioned to capitalize on the high foot traffic and dense population of the surrounding neighborhood. This is a rare chance to secure a prime commercial space in one of Manhattan's most desirable locations. Don't miss this opportunity to establish your business in a thriving and vibrant area.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 7,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Five Star Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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