5 Lispenard St New York, NY 10013

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.