Positioned prominently at a busy Midtown East intersection, this ground-floor retail or medical space offers prime visibility along a full block frontage between East 47th and 48th Streets. Featuring a 2,367 square foot street-level layout with an additional 1,849 square foot basement, the space combines modern infrastructure with high ceilings and a newly installed glass façade that maximizes natural light and exposure. Set at the base of The Buchanan, a luxury 286-unit residential tower, the premises benefit from a built-in local customer base and steady daytime traffic from office tenants, tourists, and nearby hotels.

Entering from Third Avenue, customers are greeted by a bright, glass-wrapped frontage that creates a strong presence for retail, gallery, or medical use. The open floor plan allows flexible configuration for showrooms, reception, or patient intake areas, with a clear line of sight from entry to the rear wall. Ceiling heights exceeding nine feet lend volume to the space, while updated systems provide a turnkey foundation for new tenants. The configuration supports both single-tenant occupancy and future adaptability, with potential to expand or combine with adjacent units for larger footprints.

The basement level mirrors the quality of the upper floor with ample storage, back-of-house areas, and direct internal access from the main level. It offers ideal support for retail inventory, medical lab space, or private staff rooms, making the layout efficient for operations requiring both public-facing and back-end functions. With venting available, the property can also accommodate food and beverage tenants looking to establish a presence in a high-traffic corridor with immediate access to Midtown’s commercial and residential mix.

Surrounding co-tenancy further enhances the property’s appeal. Notable neighbors include Sea Fire Grill, Smith & Wollensky, Le Pain Quotidien, Walgreens, CVS Pharmacy, and several national banks, ensuring strong daily footfall and complementary synergy for medical, café, or boutique retail concepts. The landlord is open to all non-competing uses and can deliver long-term possession immediately.

As part of a full-block retail redevelopment, this space offers unmatched branding potential in a proven Midtown corridor with over 600,000 daytime employees within a three-quarter-mile radius. High-income residential demographics, strong transit access, and the building’s modern presentation make it ideal for operators seeking a flagship-style presence supported by modern infrastructure, flexible layout options, and a dynamic mix of surrounding businesses.

Notes: Third Avenue and East 48th Street as 2,367 Sq Ft Ground Floor with a 1,849 Sq Ft Basement