145 Ludlow Street #1 is a vacant retail condo with 3,408 square feet in total (2,134 square feet at grade and 1,274 square feet on the finished lower level)- connected internally via a wide open stairwell. No use restrictions. Plumbing is in place. The Property was originally constructed in 2016 and underwent a complete renovation by its current owner, a local nonprofit, upon acquisition in 2023. The vacant retail condominium presents a rare opportunity for both investors and owner users to acquire a highly visible asset with immediate occupancy potential and meaningful long-term value creation through leasing or repositioning strategies. In addition, the Property benefits from direct access to a private outdoor space on the ground level and a smaller outdoor space on the lower level, an increasingly rare and highly desirable feature for retail users seeking enhanced seating or experiential programming opportunities. The Property’s highly flexible layout, multiple outdoor areas, and recent high-quality renovation make it well suited for a wide range of tenancy profiles seeking to capitalize on the area’s dense residential population, steady pedestrian traffic, and close proximity to major transportation hubs. The surrounding neighborhood features a dynamic mix of residential buildings, boutique retail, restaurants, nightlife, and creative office uses, driving consistent activity throughout the day and evening. Just two blocks south is the Delancey Street–Essex Street subway station (F, J, M, Z lines), Second Avenue F train is two blocks to the north. Restaurant neighbors include Katz's Deli, Russ & Daughters, Clinton Bakery, Blue Ribbon Sushi, Bar Contra, Ludlow House, Essex Market. Music venues include Arlene's Grocery, Baker Falls, Mercury Lounge, Silver Lining, Bowery Ballroom, Chantelle, and others. Hotels: Hotel Indigo, Merchant LES, Ludlow Hotel, Sixty LES, Hotel on Rivington, Kasa Lantern, and others.