High-Visibility Office
170 Route 59 Spring Valley, NY 10977
170 Route 59, Spring Valley, NY, 10977
$3,500,000
For Sale
$3,500,000
COMMERCIAL - Spring Valley, NY
Property Size4,830 SF
Lot Size0.39 Acres
Price / SF$724.64
Days on Market283
Property Features for 170 Route 59
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 20
- Basement
- Unfinished
- Standard status
- Active
- APN
- 392605-057-047-0001-025-000-0000
- Size
- 4,830 SF
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 65440
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Building materials
- Block
Listing agency
Century 21 Elite Realty
(914) 345-3550
Listed by
Vesna Kanacki · License #10491211676
(917) 414-8736
Added: Oct 13, 2025 Updated: May 12 at 9:21PM Checked: Jul 22 at 1:06PM
MLS# 923998
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,830 SF office property is situated on a 0.39-acre parcel in the Village of Spring Valley, within Rockland County's commercial corridor. The property has dual access points and direct frontage along New York State Route 59, with an exit on Dutch Lane. It is positioned along Route 59, which connects Suffern, Spring Valley, Nanuet, Nyack, and the New York State Thruway (I-87/I-287). The location offers connectivity to Route 304, the Palisades Interstate Parkway, and the NYS Thruway. The building features a masonry and glass facade and a single-story layout. The interior includes a lobby, teller area, multiple private offices, a conference room, IT center, secure vault, and administrative workspace, adaptable for single-tenant or multi-tenant occupancy. Exterior features include an asphalt parking lot with 20 spots, signage, and curb appeal along Route 59. The site is zoned GB - General Business, permitting various professional and retail uses such as medical, banking, insurance, law, accounting, or boutique office/showroom. This property is suitable for an owner-user or investor and can accommodate continued institutional use or redevelopment into a commercial or mixed-use concept.
Key Highlights
- High‑visibility location on Route 59 with 25,000‑35,000 vehicles passing daily.
- Excellent connectivity to major roadways including Route 304, Palisades Interstate Parkway, and NYS Thruway (I‑87/I‑287).
- Flexible 4,830 SF single‑story building suitable for single or multi‑tenant occupancy.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $318.8k | $66.00 |
| − Vacancy | −$20.7k | −$4.29 |
| EGI | $298.1k | $61.71 |
| − OpEx | −$74.5k | −$15.43 |
| NOI | $223.5k | $46.28 |
4,830 SF · lease $66.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.19M
$2.79M – $3.73M
NOI $223,544 @ 7.0% cap · market cap 6.39%
Second Best
Office B
$1.97M
$1.72M – $2.30M
NOI $137,746 @ 7.0% cap · market cap 3.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Office property with high visibility and flexible layout.
Where is this office building located?
The property is located at 170 Route 59 Spring Valley, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: High‑visibility location on Route 59 with 25,000‑35,000 vehicles passing daily.; Excellent connectivity to major roadways including Route 304, Palisades Interstate Parkway, and NYS Thruway (I‑87/I‑287).; Flexible 4,830 SF single‑story building suitable for single or multi‑tenant occupancy.
