For Sale
Call for price

5 Lispenard StNew York, NY 10013

5,000 SF Vacant Building, Tribeca

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Tribeca mixed-use property at 5 Lispenard Street presents a compelling value-add opportunity. The three-story building, constructed in 1915, offers a total of 5,000 square feet, currently 100% vacant, and comprises one ground-floor retail unit (approximately 3,000 square feet, previously a veterinary office) and two residential units (approximately 1,000 square feet each) on the upper floors. The property sits on a 1,500 square foot lot and benefits from an additional 4,000 square feet of available air rights, under the C6-2A zoning designation. This allows for significant redevelopment potential, with the possibility of expanding the existing footprint. The building's prime location in the desirable Tribeca neighborhood offers unparalleled access to public transportation, including the A, C, E, 1, 4, 5, 6, N, Q, R, and W subway lines, all within a short walk. Its proximity to Canal Street, West Broadway, and Church Street places it at the heart of Tribeca's vibrant commercial and residential scene, near the West Side Highway and the Roxy Hotel. This property is ideal for investors seeking a flexible investment strategy, allowing for redevelopment, conversion, or value-add opportunities, catering to both commercial and residential uses. The building's vacant status provides immediate opportunity for customization and tenant selection, maximizing potential returns.

Highlights

  • 100% vacant, three-story mixed-use building with 5,000 square feet; one commercial unit and two residential units.
  • Offers value-add investment opportunity through redevelopment, conversion, or user occupancy.
  • C6-2A zoning allows for 7,500 buildable square feet, plus approximately 4,000 square feet of available air rights.
  • Prime Tribeca location, desirable for both residential and commercial uses.
  • Excellent transit access: A, C, E, 1, 4, 5, 6, N, Q, R, and W subway lines.

Property Details for 5 Lispenard St

Property type
Retail properties, Mixed-use properties
Square Feet
5,000 SF
Year Built
1915
Units
3

Location Insight

City
New York
County
New York
State
New York
Latitude
40.720486079205
Longitude
-74.004884646662
5 Lispenard St, New York, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5 Lispenard St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message