104-116 Eighth Avenue, New York, NY 10011 – Chelsea
Asking Rent: $14,000/month
Space: 964 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $14.52/month ($174.24/sq ft annualized)
Property Overview
This 964-square-foot retail space on Eighth Avenue offers a high-visibility opportunity on a major north-south corridor in the heart of Chelsea. With an asking rent of $14,000 per month, it is positioned for a destination-driven business that can capitalize on the area’s heavy commuter, residential, and visitor traffic. Ideal for a high-quality fast-casual restaurant, boutique cafe, specialty food shop, or service-oriented retail, this space provides excellent street presence and access to a diverse and affluent local customer base.
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Space Highlights
- Ground-floor retail space of 964 sq ft with direct frontage on Eighth Avenue.
- Efficient size suitable for a popular cafe with seating, fast-casual restaurant (with limited kitchen setup), specialty grocery or bakery, boutique wine shop, or fitness studio (e.g., barre, cycling).
- High visibility on a wide avenue with consistent bus, vehicle, and pedestrian traffic throughout the day.
- Likely features a standard retail build-out; tenant will be responsible for a full interior build-out which may include kitchen ventilation, food service plumbing, or custom retail displays.
- The square footage allows for a comfortable customer area and necessary back-of-house operations.
Location & Neighborhood
- Prime Chelsea location on Eighth Avenue between 15th and 16th Streets.
- Situated in a vibrant, mixed-use neighborhood known for its art galleries, the High Line, Chelsea Market, and bustling residential life.
- Serves a dense population of local residents, office workers from nearby buildings, and visitors to Chelsea’s major attractions.
- Strong, consistent foot traffic from commuters using the nearby subway stations and buses, as well as shoppers and diners.
- Excellent transit access via the A/C/E, L trains at 14th St-8th Ave and the 1/2/3, F/M, L trains at 14th St-6th/7th Aves.
- Walkable to the Meatpacking District, West Village, and Union Square.
Summary
Priced at $14,000/month ($14.52/sq ft/month), this 964 sq ft retail space on Eighth Avenue presents a solid investment in a high-traffic Chelsea corridor. The annualized rent of $174 per square foot is market-appropriate for the location’s visibility and customer density. This opportunity is ideal for an entrepreneur or established operator with a concept that serves the daily needs of the neighborhood—whether a morning coffee stop, lunch destination, or evening grocery run. Success requires a business model that can leverage both the daytime office crowd and the evening/weekend residential traffic, offering quality and convenience in a competitive environment.
