Retail

547 Malcolm X Boulevard, New York, NY 10030 – Harlem
Asking Rent: $10,000/month
Space: 1,500 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $6.67/month ($80.00/sq ft annualized)

Property Overview

This 1,500-square-foot retail space at 547 Malcolm X Boulevard offers a significant commercial opportunity on one of Harlem’s most historic and culturally vibrant thoroughfares. With an asking rent of $10,000 per month, it is positioned for a business that can serve as a community anchor—such as a full-service restaurant, cafe, boutique grocery, wellness studio, or creative gallery. The substantial size and prominent location are ideal for concepts that require space for customer seating, product display, or community events, aiming to engage both the loyal local population and visitors drawn to the neighborhood’s rich cultural scene.

Space Highlights

• Spacious ground-floor retail space of 1,500 sq ft with direct frontage on Malcolm X Boulevard (Lenox Avenue).
• Ample square footage suitable for a restaurant with a dining area and kitchen, a boutique fitness or yoga studio, a specialty food market, or a retail store with an immersive layout.
• High visibility on a major north-south avenue with consistent vehicle and pedestrian traffic.
• Likely features a classic NYC retail build-out; tenant will be responsible for a full interior build-out to suit their specific concept, which may include kitchen installation, specialized flooring, or custom lighting.
• The size allows for a flexible setup that can accommodate both retail and experiential components.

Location & Neighborhood

• Prime Central Harlem location on Malcolm X Boulevard (Lenox Ave) between 137th and 138th Streets.
• Situated in the historic Strivers’ Row district, known for its beautiful townhouses and deep cultural significance in Black American history.
• In the heart of a thriving residential community with a strong sense of local identity and a growing commercial scene.
• Surrounded by a mix of historic architecture, local businesses, and cultural institutions.
• Strong daily foot traffic from a dense local residential base, students, and cultural tourists.
• Excellent transit access via the 2/3 trains at 135th St and multiple north-south bus lines along Malcolm X Blvd and Adam Clayton Powell Jr. Blvd.
• Walkable to Marcus Garvey Park, the Apollo Theater, and the bustling 125th Street retail corridor.

Summary

Priced at $10,000/month ($6.67/sq ft/month), this 1,500 sq ft retail space at 547 Malcolm X Boulevard presents a compelling value for a substantial footprint in a high-demand Harlem location. The annualized rent of $80 per square foot is reasonable for the area and reflects the space’s size and visibility on a key avenue. This opportunity is ideal for an entrepreneur or established business with a concept that respects and enhances the local community. Success requires a business model that blends commerce with community engagement, offering a product or service that meets everyday needs while also attracting visitors eager to experience authentic Harlem culture. The space is well-suited for a community-focused restaurant, a wellness hub, or a boutique that celebrates local artisans.