348-358 West 47th Street, New York, NY 10036 – Times Square/Theater District
Asking Rent: $10,000/month
Space: 1,100 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $9.09/month ($109.08/sq ft annualized)
Property Overview
This 1,100-square-foot retail space at 348-358 West 47th Street is located in the heart of the Theater District, famously known as “Restaurant Row.” With an asking rent of $10,000 per month, it is positioned for a business that caters to the pre- and post-theater crowd, tourists, and local residents. This historic block is zoned for entertainment and dining, making it ideal for a restaurant, café, dessert shop, or themed entertainment venue seeking high foot traffic in a densely packed, vibrant environment.
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Space Highlights
- Ground-floor retail space of 1,100 sq ft on a narrow, iconic Theater District street.
- High visibility on West 47th Street between 8th and 9th Avenues, a block dedicated to dining and entertainment.
- Likely features a classic NYC brownstone or low-rise building storefront, potentially with basement storage or kitchen space.
- Suited for a full-service restaurant, lively bar, pre-theater café, dessert parlor, or small theatrical-themed retail shop.
- May require significant build-out for kitchen ventilation, ADA compliance, and adherence to strict DOB and SLA codes due to its location and likely use.
Location & Neighborhood
- Iconic Theater District location on West 47th Street (“Restaurant Row”), steps from dozens of Broadway theaters.
- Situated in the busiest entertainment zone in the United States, with guaranteed nightly foot traffic from theatergoers.
- Surrounded by historic theaters, renowned restaurants, and hotels, creating a 24/7 cycle of tourist and local activity.
- Extremely high pedestrian volume, especially from 5 PM to midnight, with consistent daytime traffic from tourists exploring the area.
- Excellent transit access via the N/Q/R/W, 1/2/3, A/C/E, C/E trains at Times Square-42nd Street and Port Authority Bus Terminal.
- Walkable to Hell’s Kitchen, Times Square, and Columbus Circle.
Summary
Priced at $10,000/month ($9.09/sq ft/month), this retail space at 348-358 West 47th Street offers a strategic opportunity to tap into the relentless energy of Broadway’s Theater District. The annualized rent of $109 per square foot is competitive for this high-demand, high-profile location, reflecting both the potential for substantial revenue and the operational challenges of a tourist-heavy, nightlife-focused area. This space is ideal for an experienced restaurateur or hospitality group with a strong concept that can capitalize on the pre- and post-theater rush. Success requires a business model designed for high turnover, efficient service, and appeal to a broad audience of tourists and locals, while navigating the logistical complexities of one of New York’s most regulated and bustling neighborhoods.
