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1031 exchange? Restaurant owner? This! 182 Lexington Ave 6,158 SF 74% Leased Retail Building New York, NY 10016 For Sale
Investment Highlights
- Can be delivered vacant
- Two-family
- Fully vented restaurant
Executive Summary
This historic four-story stone building, originally built in 1920 and renovated in 2003, 2018, and again in 2024, spans approximately 5,016 square feet. It is currently configured as retail and residential/office (two-family), featuring two free-market residential units and a fully vented restaurant with a lower level.
The property can be delivered vacant, making it an exceptional opportunity for an end user, investor, or owner-operator looking to customize the space to their needs.
Ideally positioned at the crossroads of Midtown South, Gramercy, and Lexington & 30th, this location has seen significant transformation with new luxury condos, rentals, high-end restaurants, and a thriving nightlife scene. Many nearby establishments even hold Michelin Star distinctions, reflecting the value and demand in the immediate area.
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Located in the heart of Midtown East / NoMad corridor, this 1,600 SF commercial space offers a rare opportunity for an operator looking to open quickly and start generating revenue. The space includes a ground floor plus a basement and is fully built out as a turnkey restaurant. It’s vented, equipped with gas. Everything is already in place to get you up and running without the high upfront build-out costs. Flexible use is allowed. Ideal for a restaurant concept or a bar. The layout works well for a variety of operators looking for strong visibility and steady foot traffic in a prime Manhattan location. 182 Lexington Ave sits in a vibrant, high-demand area surrounded by residential buildings, offices, and constant pedestrian activity. This is a great opportunity for someone who understands the value of location and wants a clean, ready-to-go setup. Video walkthrough available upon request.
Located in the heart of Midtown East / NoMad corridor, this 1,600 SF commercial space offers a rare opportunity for an operator looking to open quickly and start generating revenue. The space includes a ground floor plus a basement and is fully built out as a turnkey restaurant. It’s vented, equipped with gas. Everything is already in place to get you up and running without the high upfront build-out costs. Flexible use is allowed. Ideal for a restaurant concept or a bar. The layout works well for a variety of operators looking for strong visibility and steady foot traffic in a prime Manhattan location. 182 Lexington Ave sits in a vibrant, high-demand area surrounded by residential buildings, offices, and constant pedestrian activity. This is a great opportunity for someone who understands the value of location and wants a clean, ready-to-go setup. Video walkthrough available upon request.
| Space | Size | Space Use | Position | Available |
| Basement | 700 SF | Restaurant | - | Now |
| 1st Floor | 900 SF | Restaurant | - | Now |
Basement
| Size |
| 700 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 900 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
Basement
| Size | 700 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
Located in the heart of Midtown East / NoMad corridor, this 1,600 SF commercial space offers a rare opportunity for an operator looking to open quickly and start generating revenue. The space includes a ground floor plus a basement and is fully built out as a turnkey restaurant. It’s vented, equipped with gas. Everything is already in place to get you up and running without the high upfront build-out costs. Flexible use is allowed. Ideal for a restaurant concept or a bar. The layout works well for a variety of operators looking for strong visibility and steady foot traffic in a prime Manhattan location. 182 Lexington Ave sits in a vibrant, high-demand area surrounded by residential buildings, offices, and constant pedestrian activity. This is a great opportunity for someone who understands the value of location and wants a clean, ready-to-go setup. Video walkthrough available upon request.
1st Floor
| Size | 900 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
Located in the heart of Midtown East / NoMad corridor, this 1,600 SF commercial space offers a rare opportunity for an operator looking to open quickly and start generating revenue. The space includes a ground floor plus a basement and is fully built out as a turnkey restaurant. It’s vented, equipped with gas. Everything is already in place to get you up and running without the high upfront build-out costs. Flexible use is allowed. Ideal for a restaurant concept or a bar. The layout works well for a variety of operators looking for strong visibility and steady foot traffic in a prime Manhattan location. 182 Lexington Ave sits in a vibrant, high-demand area surrounded by residential buildings, offices, and constant pedestrian activity. This is a great opportunity for someone who understands the value of location and wants a clean, ready-to-go setup. Video walkthrough available upon request.
Nearby Major Retailers
Property Taxes
| Parcel Number | 0887-0022 | Improvements Assessment | $235,321 |
| Land Assessment | $82,079 | Total Assessment | $317,400 |
Property Taxes
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1031 exchange? Restaurant owner? This! | 182 Lexington Ave
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