Retail Site on Route
For Sale
Contact for pricing
123 NY-59, Nanuet, NY
8,400 SF retail site in Rockland County for sale.
Property Size8,400 SF
Lot Size0.52 Acres
Price / SF$577.38
Days on Market502
Property Features for 123 NY-59
General Information
Standard status
Active
Size
8,400 SF
Lot size
0.52 Acres
Property subtype
RETAIL
Listing Agency:
Triforce Commercial Real Estate
(845) 323-9177
Listed By:
Jason Horowitz · License ##1433362
(845) 323-9177
Source:
Moodyscre
Added: Mar 18, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Triforce Commercial Real Estate
Investment Insights
Based on property information with market context.
This is an opportunity to purchase an approximately 8,400 square foot retail site situated on about 0.54 acres. Located in the commercial district of Rockland County on Route 59 in Nanuet, New York, the property benefits from high traffic volume, with the New York State Department of Transportation reporting an Annual Average Daily Traffic count of 31,126 vehicles in 2023. The vacant space, previously a bank with a drive-thru, is suitable for an owner-user. The property is located in the RS (Regional Shopping) Zone.
Key Highlights
- High Traffic Location: Located on Route 59 with 31,126 cars passing daily (2023 data).
- Large Retail Space: Boasting 8,400 +\/- SF of retail space.
- Prime Commercial District: Situated in Rockland County's Commercial District.
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 | $554.4k | $66.00 |
| − Vacancy | −$36.0k | −$4.29 |
| EGI | $518.4k | $61.71 |
| − OpEx | −$129.6k | −$15.43 |
| NOI | $388.8k | $46.28 |
8,400 SF · lease $66.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$5.55M
$4.86M – $6.48M
NOI $388,773 @ 7.0% cap · market cap 8.02%
Second Best
Retail
$1.69M
$1.48M – $1.97M
NOI $118,294 @ 7.0% cap · market cap 2.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,288
Businesses Nearby
360k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 20%
Apparel 20%
Home Improvements & Furnishings 14%
McDonald's
Dining
53,076 visits/mo
0.3 miles
T.J. Maxx
Apparel
52,299 visits/mo
0.3 miles
HomeGoods
Home Improvements & Furnishings
39,059 visits/mo
0.2 miles
Michaels
Shops & Services
37,826 visits/mo
0.3 miles
Aldi
Groceries
34,372 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - 8,400 SF retail site in Rockland County for sale.
Where is this bank located?
The property is located at 123 NY-59 Nanuet, NY.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: High Traffic Location: Located on Route 59 with 31,126 cars passing daily (2023 data).; Large Retail Space: Boasting 8,400 +\/- SF of retail space.; Prime Commercial District: Situated in Rockland County's Commercial District.
