Retail

Retail Space on West 3rd Street – 118 W 3rd Street, Greenwich Village

Address: 118 West 3rd Street, New York, NY, 10012
Price: $23,000/month
Square Feet: 1,800 SF
Type: Retail Space

Property Overview:

Located on West 3rd Street in the heart of Greenwich Village — one of Manhattan’s most historic, vibrant, and desirable neighborhoods — 118 W 3rd Street offers 1,800 SF of spacious retail space at a competitive price point. Ideal for fitness centers, restaurants, art galleries, showrooms, specialty food markets, or service-based businesses. Situated between MacDougal Street and Sixth Avenue, this space benefits from strong foot traffic from local residents, NYU students, and visitors drawn to the Village’s iconic tree-lined streets, historic townhouses, and world-class dining, nightlife, and culture.

Key Features:

Prime Greenwich Village / West 3rd Street Location:

• Situated on West 3rd Street, a charming, tree-lined block in the heart of Greenwich Village — one of Manhattan’s most historic, vibrant, and desirable neighborhoods, known for its tree-lined streets, historic townhouses, independent boutiques, art galleries, jazz clubs, acclaimed restaurants, and strong sense of community.
• Located between MacDougal Street and Sixth Avenue (Avenue of the Americas), placing your business in a high-traffic corridor with constant pedestrian flow from local residents, NYU students, professionals, and tourists.
• Just steps from Washington Square Park (one of New York City’s most iconic public spaces), NYU’s main campus, Bleecker Street, MacDougal Street, West 4th Street, and Sullivan Street.
• Minutes from SoHo, NoHo, West Village, East Village, and Union Square.

High-Traffic, 24/7 Downtown Hub:

• Greenwich Village is one of New York City’s most popular destinations for locals, tourists, shoppers, diners, students, and jazz enthusiasts — drawing a constant flow of foot traffic 24/7.
• NYU has over 50,000 students and 15,000 faculty/staff, many of whom live, study, and work within blocks of this location — creating consistent daily demand for food, coffee, services, fitness, and retail.
• Washington Square Park draws thousands of daily visitors for concerts, chess games, festivals, and people-watching — generating strong foot traffic on weekends and evenings.
• Strong daytime foot traffic from NYU students, faculty, and office workers, plus strong evening and weekend traffic from the area’s world-famous restaurants, jazz clubs, and nightlife.

Spacious & Flexible Retail Layout – 1,800 SF:

• 1,800 SF of generous retail space — ideally sized for a fitness center, restaurant, art gallery, showroom, specialty food market, or service-based business.
• Attractive storefront with excellent street-level visibility on West 3rd Street, a busy downtown corridor with constant pedestrian flow.
• High ceilings and open floor plan with minimal columns, allowing for easy customization to fit various business needs — from fitness equipment and dining room layouts to retail displays and art installations.
• Large windows providing abundant natural light and prime window display opportunities.
• Potential for back-of-house space, kitchen, storage, office areas, or basement expansion depending on configuration.
• At $12.78 per square foot, this represents solid value for retail space in this prime Greenwich Village location.

Excellent Transit Access:

• Moments from the West 4th Street subway station (A, B, C, D, E, F, M) — one of downtown Manhattan’s largest and most convenient transit hubs.
• Close to the 14th Street / Union Square station (4, 5, 6, L, N, Q, R, W) , 8th Street / NYU station (N, R, W) , Christopher Street station (1) , and Houston Street station (1) .
• Short walk to the PATH train at 9th Street (service to Hoboken) and 14th Street (service to Hoboken and Jersey City).
• Multiple bus routes serve Sixth Avenue, Seventh Avenue, and Houston Street (M1, M2, M3, M5, M7, M8, M55).
• Convenient for employees, customers, and clients from across the city, Brooklyn, Queens, and New Jersey.

Diverse, High-Energy Customer Base:

• NYU students, faculty, and staff — over 50,000 students, plus thousands of faculty and staff, creating consistent daily demand for food, coffee, services, fitness, and retail.
• Local residents — diverse community of Greenwich Village, West Village, SoHo, NoHo, and surrounding neighborhoods, including young professionals, families, artists, writers, and longtime residents.
• Washington Square Park visitors — thousands of daily visitors to one of Manhattan’s most iconic public spaces.
• Jazz and music enthusiasts — visitors to legendary venues like Blue Note and Village Vanguard.
• Tourists — visitors to Greenwich Village, Washington Square Park, SoHo, and NYU.
• Ideal for businesses such as:
• Fitness center (gym, yoga, Pilates, cycling, CrossFit)
• Full-service restaurant or café
• Art gallery or exhibition space
• Showroom or design studio (fashion, home, tech)
• Specialty food market or grocery
• Entertainment venue or music club
• Beauty salon or spa (large-format)
• Medical or dental practice

Highlights:
✔ 1,800 SF of spacious retail space in Greenwich Village
✔ $23,000/month — solid value at $12.78 per square foot
✔ Attractive storefront with excellent visibility on West 3rd Street
✔ Steps from Washington Square Park and NYU
✔ High ceilings and open floor plan — ideal for fitness, restaurant, gallery, or showroom
✔ Strong, diverse, 24/7 foot traffic — students, residents, professionals, artists, and tourists
✔ Excellent transit access — A, B, C, D, E, F, M, N, R, W, 1, 4, 5, 6, L, Q trains, PATH

Conclusion:

118 W 3rd Street offers an excellent opportunity for fitness operators, restaurateurs, art dealers, and retailers seeking spacious, well-located retail space in the heart of Greenwich Village — one of Manhattan’s most historic, vibrant, and beloved neighborhoods, steps from Washington Square Park and NYU. With 1,800 SF of flexible, high-ceiling space, a prime West 3rd Street location in the center of the Village’s bustling cultural and academic district, and access to a diverse, high-energy, 24/7 customer base of students, residents, professionals, artists, and tourists, this property is perfect for fitness centers, restaurants, art galleries, showrooms, or specialty food markets looking to thrive in one of New York City’s most dynamic and culturally rich neighborhoods — all at a solid value of just over $12 per square foot.

Contact us today to schedule a private tour and secure this premier Greenwich Village retail space!