Lot-Less Closeouts

Lot-Less Closeouts is an independent retailer specializing in closeout and overstock merchandise, with a focus on serving urban shoppers in the New York metropolitan area. The company began in 1996, opening its first store in Manhattan, and quickly built a reputation for offering well-known brands at prices far below those found at traditional retailers. Over the years, Lot-Less has grown its presence across Manhattan, Brooklyn, and Northern New Jersey, adapting to the needs of a diverse customer base seeking bargains on a wide range of goods, from housewares and electronics to apparel and seasonal products.

As of November 2025, Lot-Less operates 11 stores, most of which are located in high-traffic urban corridors. Notable locations include flagship stores in Manhattan’s Financial District and Midtown. The company’s growth has been steady, marked by the addition of stores in densely populated neighborhoods and a flexible approach to real estate. Lot-Less is known for occupying former big-box and department store spaces, and it regularly adapts its store formats to fit a variety of urban footprints.

In the past five years, Lot-Less has expanded its search for new locations, actively pursuing opportunities in Manhattan, Brooklyn, Queens, and select New Jersey markets. The retailer is targeting both existing retail spaces and mixed-use developments, with a particular emphasis on transit-accessible sites. Recent activity includes negotiations for anchor positions in redeveloped shopping centers and urban retail corridors, reflecting a proactive approach to growth in the region.

For landlords, brokers, and developers, Lot-Less stands out as a stable and reliable tenant with a long track record of driving consistent foot traffic and revitalizing underutilized retail spaces. The company’s urban-centric model, adaptable store formats, and ongoing expansion efforts make it a strong candidate for anchoring shopping corridors and filling challenging vacancies in high-density markets. Lot-Less’s established brand and active presence on social media further reinforce its credibility and visibility in the Northeast discount retail landscape.