18 Orchard St New York, NY 10002
- Retail space
- 3,800 SF
Current Use by Public Records
- Reliance Fire Systems / Fire Department Equipment Supplier
- My WordPress / Photographer
- PCI Networks / Computer Security Service
Property Details for 18 Orchard St
- Property size
- 3,800 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional commercial condominium at 18 Orchard Street in New York City's vibrant Lower East Side presents a unique investment opportunity. The property boasts a total of 3,800 square feet, encompassing 1,800 square feet of ground floor retail space, a 400 square foot mezzanine, and a 2,000 square foot basement. The ground floor features impressive 14'9" ceiling heights, creating a spacious and inviting atmosphere for retail operations. The basement offers 8'7" ceiling heights, providing ample storage or additional functional space. The property is zoned C6-2, allowing for a variety of retail uses. Located in a rapidly growing area of Manhattan, this storefront is ideal for owner-occupancy or for an investor seeking to capitalize on the area's increasing retail demand. The asking price is $3,600,000, translating to $947.37 per square foot of net rentable area. This presents a compelling opportunity to acquire a well-situated retail space in a prime Manhattan location with significant potential for future appreciation. The property consists of one unit. The building's strategic location offers excellent visibility and accessibility, making it an attractive proposition for a wide range of retail businesses. This is a rare chance to own a piece of New York City's dynamic retail landscape.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9915198
- Latitude
- 40.7152382
