531-535 Park Avenue Ground Floor Medical Space
- 1,099 SQFT
- $495,000
This office/medical condo at 531-535 Park Avenue offers a unique opportunity to own a 1,099 square foot ground-level unit in a pre-war cooperative building. Situated in the prestigious Lenox Hill submarket, the space is ideal for medical, office, or other professional uses permitted by zoning. The property boasts a prime location on Park Avenue, conveniently accessible to a large residential population on the Upper East Side, ensuring visibility and ease for both clients and patients.
The unit features a functional layout, previously configured as a medical office, with potential for adaptation to meet a variety of professional needs. The interior includes private consultation rooms, a welcoming reception area, and supporting office spaces. Pre-war architectural charm adds character, with high ceilings and classic finishes creating an inviting environment for visitors. The cooperative building offers elevator access, ensuring smooth movement for staff and clientele.
The building itself is a well-maintained 3-star high-rise with 15 stories, housing 32 units in total. Constructed with durable masonry, this property is a testament to enduring design and functionality. The cooperative structure allows for various ownership possibilities, including sublets and professional use, subject to board approval. Its strategic location in the CBD grants close proximity to public transit, high-end dining, shopping, and cultural institutions, providing convenience for professionals and clients alike.
Offered at $495,000, this competitively priced unit presents an excellent investment opportunity for owner-users or investors seeking a foothold in a prestigious neighborhood. Whether maintaining its current medical setup or reimagining the space for office use, this condo offers unmatched flexibility. With zoning that supports diverse professional applications and a location renowned for its affluent surroundings, this property stands out as a versatile and valuable asset.
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