Retail

Prime Retail Space on West 23rd Street – 120 W 23rd Street, Chelsea

Address: 120 W 23rd Street, New York, NY, 10011
Price: $60,000/month
Square Feet: 3,265 SF
Type: Retail Space

Property Overview:

Located on West 23rd Street in the heart of Chelsea, one of Manhattan’s most dynamic and desirable neighborhoods, 120 W 23rd Street offers 3,265 SF of expansive retail space at a competitive price point. Ideal for fitness centers, restaurants, specialty food markets, showrooms, experiential retail flagships, medical offices, or service-based businesses. Situated between Sixth Avenue and Seventh Avenue, this space benefits from proximity to the Flatiron District, Madison Square Park, the Chelsea Gallery District, and excellent transit access.

Key Features:

Prime Chelsea / Flatiron District Location:

• Situated on West 23rd Street, a vibrant commercial corridor that serves as a primary east-west artery connecting Chelsea (west) and the Flatiron District (east).
• Located between Sixth Avenue (Avenue of the Americas) and Seventh Avenue, placing your business at the center of one of Manhattan’s most dynamic, desirable, and heavily trafficked neighborhoods.
• Just steps from Madison Square Park (23rd-26th Streets between Fifth and Madison Avenues), a beloved neighborhood hub featuring Shake Shack, Eataly, seasonal events, and beautiful green space — generating strong foot traffic from office workers, residents, and tourists.
• Minutes from the Flatiron Building (23rd Street and Fifth Avenue), Union Square (14th Street), Chelsea Market, the High Line, and the Meatpacking District.
• Surrounded by a dynamic mix of tech headquarters (Google, Meta, Shopify), creative agencies, fashion showrooms, art galleries (Chelsea Gallery District), boutique fitness studios, luxury residential buildings, and some of the city’s best hotels and restaurants.

Spacious & Flexible Retail Layout:

• 3,265 SF of generous retail space — ideal for a fitness center, restaurant, specialty food market, showroom, experiential retail concept, or medical office.
• Expansive storefront with excellent street-level visibility on West 23rd Street, a high-traffic corridor with constant pedestrian and vehicular flow.
• High ceilings and open floor plan with minimal columns, allowing for easy customization to fit various business needs — from fitness equipment and dining room layouts to retail displays and medical exam rooms.
• Large windows providing abundant natural light and prime window display opportunities facing West 23rd Street’s steady foot traffic.
• Potential for back-of-house space, kitchen, storage, office areas, or basement expansion depending on configuration.
• At $18.38 per square foot, this represents solid value for retail space in this prime Chelsea location — competitive for the neighborhood.

Excellent Transit Access:

• Moments from the 23rd Street subway station (N, Q, R, W) on Broadway and the 23rd Street station (C, E) on Eighth Avenue.
• Close to the 28th Street station (N, Q, R, W) , 14th Street / Eighth Avenue station (A, C, E, L) , and 14th Street / Union Square station (4, 5, 6, L, N, Q, R, W) .
• Short walk to Penn Station (1, 2, 3, A, C, E) , providing LIRR, NJ Transit, and Amtrak connections.
• Multiple bus routes serve Fifth Avenue, Sixth Avenue, Broadway, and 23rd Street (M1, M2, M3, M5, M7, M23, M55).
• Convenient for employees, customers, and clients from across the city, Brooklyn, Queens, New Jersey, Long Island, and Westchester.

High-Traffic, Diverse Customer Base:

• Office workers — thousands of professionals employed in nearby tech headquarters (Google, Meta), creative agencies, and corporate offices, generating strong weekday foot traffic and lunchtime demand.
• Local residents — affluent community of Chelsea, Flatiron District, and surrounding neighborhoods, including families, young professionals, and longtime residents.
• Tourists and shoppers — visitors to Madison Square Park, the Flatiron Building, Chelsea Market, and the High Line, especially on weekends.
• Art enthusiasts — visitors to the Chelsea Gallery District (19th-26th Streets between 10th and 11th Avenues), one of the world’s premier art destinations.
• Ideal for businesses such as:
• Fitness center or gym (yoga, Pilates, cycling, CrossFit)
• Full-service restaurant or café
• Specialty food market or grocery
• Experiential retail or brand flagship
• Showroom or design studio
• Medical or dental practice
• Urgent care or walk-in clinic
• Pharmacy or drugstore
• Event space or pop-up venue

Highlights:
✔ 3,265 SF of expansive retail space in Chelsea
✔ $60,000/month — solid value at $18.38 per square foot
✔ Expansive storefront with excellent visibility on West 23rd Street
✔ Steps from Madison Square Park, Flatiron Building, and Union Square
✔ High ceilings and open floor plan — ideal for fitness, restaurant, market, or showroom
✔ Surrounded by tech headquarters (Google, Meta), creative agencies, art galleries, and luxury residential
✔ Strong foot traffic from office workers, residents, tourists, and art enthusiasts
✔ Excellent transit access — N, Q, R, W, C, E, 1, 2, 3, A, C, E, L, 4, 5, 6 trains, plus Penn Station

Conclusion:

120 W 23rd Street offers an outstanding opportunity for businesses seeking large-format, high-visibility retail space in the heart of Chelsea — one of Manhattan’s most dynamic and desirable neighborhoods. With 3,265 SF of flexible, high-ceiling space, a prime West 23rd Street location steps from Madison Square Park, and access to a diverse, high-traffic customer base of office workers, residents, tourists, and art enthusiasts, this property is perfect for fitness centers, restaurants, specialty food markets, showrooms, experiential flagships, or medical offices looking to thrive in one of New York City’s most vibrant and centrally located neighborhoods — all at a solid value of under $18.40 per square foot.

Contact us today to schedule a private tour and secure this premier Chelsea retail space!