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
Nearby Similar for Sale
For Sale
$5,400,000
West Village Mixed-Use Gem
Prime West Village location, owner-user opportunity.
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Contacts
Maurice Suede
Eric Roth
Harry James
Mike Kavanagh
Christine Felling
Visit Broker Website
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Useful Information
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5 Lispenard St, New York, New York, 10013
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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5 Lispenard St
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