Retail

294-296 Grand Street, New York, NY 10002 – Lower East Side / Chinatown
Asking Rent: $27,000/month
Use: Large-Format Retail / Restaurant / Market / Fitness Center
Size: 6,000 sq ft
Property Type: Retail / Commercial Space
Lease Type: Commercial Lease
Estimated Annual Rent: $324,000
Price per Sq Ft: ~$54/sq ft/year | ~$4.50/sq ft/month

Property Overview
This 6,000-square-foot retail space at 294-296 Grand Street is a major large-format commercial offering on one of the Lower East Side’s most vibrant and historic thoroughfares. With an asking rent of $27,000 per month, this space provides substantial square footage at a competitive price per square foot for such a high-traffic location. It is ideally suited for a destination restaurant, food hall, market, large boutique, gym, or entertainment venue seeking to capitalize on the dense local, tourist, and nightlife traffic.

Space Highlights

• Expansive 6,000 sq ft of prime ground-floor (and potentially basement) retail space
• High-visibility, double-width storefront on Grand Street between Allen and Eldridge Streets
• Spacious layout allows for a large seating area (restaurant), extensive merchandising, or multiple activity zones (fitness/entertainment)
• Competitive price per square foot for a space of this size in a prime downtown corridor
• May include multiple floors, a basement for storage/kitchen, or a mezzanine

Location & Neighborhood

• Prime Lower East Side/Chinatown location on Grand Street, a bustling commercial artery known for dining, shopping, and nightlife
• Extremely high foot traffic from a diverse mix of locals, tourists exploring Chinatown/LES, and evening crowds
• Surrounded by renowned restaurants, bars, boutique shops, and historic tenement buildings
• Steps from Sara D. Roosevelt Park and the heart of Chinatown
• Excellent access to subway lines (B/D at Grand St, F at East Broadway, J/Z at Delancey/Essex)

Summary
Offered at $27,000/month (~$54/sq ft/year), this 6,000 sq ft retail space at 294-296 Grand Street is a significant opportunity for an operator seeking a large footprint in a legendary downtown neighborhood. The combination of size, visibility, and a relatively low price per square foot makes it a compelling canvas for a destination business. It is ideal for an established restaurant group, retail chain, or experiential business ready to make a major impact on one of Manhattan’s most dynamic and authentic streets.