Retail

347 Lenox Avenue, New York, NY 10027 – Central Harlem
Asking Rent: $13,000
Size: 1,650 sq ft
Use: Full-Service Restaurant / Bar / Lounge / High-Volume Retail / Grocery / Food Hall
Lease Type: Commercial Lease (Retail)
Price per Sq Ft: ~$94.55/sq ft/year | ~$7.88/sq ft/month

Property Overview

This 1,650-square-foot retail space at 347 Lenox Avenue offers a prominent and sizable storefront opportunity on one of Harlem’s most historic and bustling commercial corridors. With an asking rent of $13,000, the space commands a premium price per square foot, reflecting its prime location on a high-traffic avenue with strong local and destination appeal. This space is ideal for an established restaurant group, vibrant bar/lounge, specialty grocery, or flagship retail store looking to become a anchor destination in a neighborhood celebrated for its cultural richness and economic revitalization.

Space Highlights

• Substantial 1,650 sq ft of ground-floor retail space, suitable for a full-scale dining or retail operation
• High price per square foot indicative of strong demand for well-positioned retail on Lenox Avenue (Malcolm X Blvd)
• Likely features strong street frontage, high visibility, and space for kitchen, bar, dining, and/or extensive merchandise display
• Size allows for a significant build-out, potentially including a basement for storage or additional seating
• Suitable for a business with a strong concept capable of drawing both local residents and visitors

Location & Neighborhood

• Prime Central Harlem location on Lenox Avenue (Malcolm X Blvd) between 127th and 128th Streets
• On a historic corridor known for its role in the Harlem Renaissance, lined with iconic businesses, churches, and cultural institutions
• Extremely high foot traffic from local residents, tourists exploring historic Harlem, and visitors to nearby landmarks
• Surrounded by a mix of long-standing community businesses, new dining concepts, and residential developments
• Close to the 125th Street commercial hub, Marcus Garvey Park, and public transportation
• Excellent access to subway lines (2/3 at 125th Street) and multiple bus lines along Lenox Avenue

Summary

Offered at $13,000 per month (~$94.55/sq ft/year), this 1,650 sq ft retail space at 347 Lenox Avenue is a high-visibility investment in Harlem’s thriving commercial landscape. The rent is justified by the corridor’s historical significance, consistent foot traffic, and the space’s potential to house a destination business. This space is best suited for an experienced operator with a compelling concept—such as a soul food restaurant, cocktail lounge, boutique grocery, or cultural retail store—that can honor the neighborhood’s heritage while appealing to its diverse and growing clientele, establishing itself as a community landmark.