Retail

252 West 30th Street, New York, NY 10001 – Penn Plaza / Garment District
Asking Rent: $22,000/month
Space: 5,241 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $4.20/month ($50.37/sq ft annualized)

Property Overview

This 5,241-square-foot retail space at 252 West 30th Street is a substantial, large-format opportunity in the high-traffic corridor between Penn Station and Hudson Yards. With an asking rent of $22,000 per month, it offers an extremely efficient price per square foot for a massive ground-floor footprint. This space is ideal for a destination-driven business such as a full-service restaurant, entertainment venue, large fitness studio, specialty market, or multi-brand showroom that requires significant space to operate and attract the area’s dense mix of commuters, office workers, and residents.

Space Highlights

• Very large ground-floor retail space of 5,241 sq ft, offering immense flexibility for layout and concept.
• Ample square footage suitable for a large restaurant/brewpub with dining and bar areas, indoor sports facility (e.g., golf simulators, batting cages), specialty grocery/food hall, fitness center (cross-training, boxing, yoga), or furniture/home goods showroom.
• High visibility on a key crosstown street with significant vehicle and pedestrian traffic.
• Will require a major capital investment and comprehensive build-out, likely including kitchen ventilation, specialized flooring, significant electrical work, restrooms, and potentially mezzanine or basement access.
• The size allows for a multi-zone concept, such as a hybrid retail/dining/event space.

Location & Neighborhood

• Prime Penn Plaza / Garment District location on West 30th Street between 7th and 8th Avenues.
• Situated in a bustling transit and commercial hub, midway between Penn Station / Madison Square Garden and the Hudson Yards development.
• Serves a constant flow of commuters, office workers, hotel guests, and residents from nearby apartment towers.
• Proximity to the Jacob K. Javits Convention Center drives additional periodic foot traffic.
• Heavy daily foot and vehicle traffic from a 24/7 neighborhood.
• Exceptional transit access: Walkable to Penn Station (1/2/3, A/C/E, LIRR, NJ Transit) and the 34th St-Herald Square subway station (B/D/F/M, N/Q/R/W).
• Walkable to Chelsea, Koreatown, and the Fashion Institute of Technology (FIT).

Summary

Priced at $22,000/month ($4.20/sq ft/month), this 5,241 sq ft retail space at 252 West 30th Street offers exceptional value for a massive, ground-floor box in a central Manhattan location. The annualized rent of $50.37 per square foot is highly competitive and provides a significant cost advantage for a large-scale operation. This opportunity is geared toward an experienced, well-capitalized operator with a bold concept capable of serving as a destination. Success requires a business model that can draw customers from the immediate area and beyond, leveraging the space’s size and the neighborhood’s incredible foot traffic and accessibility. It’s a strategic play for a business aiming for high volume and broad impact in a rapidly evolving district.